SmartCentres Real Estate Investment Trust Dividend
Dividend criteria checks 6/6
SmartCentres Real Estate Investment Trust is a dividend paying company with a current yield of 8.23% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
8.2%
Dividend yield
67%
Payout ratio
| Industry average yield | 6.7% |
| Next dividend pay date | 15 May 24 |
| Ex dividend date | 29 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | CA$2.86 |
| Dividend yield forecast in 3Y | 8.2% |
Recent dividend updates
Recent updates
Does SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Deserve A Spot On Your Watchlist?
Feb 22
President Peter Forde Just Bought 367% More Shares In SmartCentres Real Estate Investment Trust (TSE:SRU.UN)
Mar 13What You Need To Know About SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) Investor Composition
Mar 02SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) Stock Price Has Reduced 25% In The Past Year
Feb 04
Insider Buying: The SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Executive Chairman Just Bought CA$690k Worth Of Shares
Dec 27Have Insiders Been Buying SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Shares?
Dec 11Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SRU.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: SRU.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| SmartCentres Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SRU.UN) | 8.2% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.6% |
| Industry Average (Retail REITs) | 6.7% |
| Analyst forecast in 3 Years (SRU.UN) | 8.2% |
Notable Dividend: SRU.UN's dividend (8.23%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: SRU.UN's dividend (8.23%) is in the top 25% of dividend payers in the Canadian market (6.57%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.7%), SRU.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (97%), SRU.UN's dividend payments are covered by cash flows.