Canadian Net Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 6/6
Canadian Net Real Estate Investment Trust is a dividend paying company with a current yield of 6.63% that is well covered by earnings. Next payment date is on 29th November, 2024 with an ex-dividend date of 15th November, 2024.
Key information
6.6%
Dividend yield
-0.01%
Buyback Yield
| Total Shareholder Yield | 6.6% |
| Future Dividend Yield | 6.7% |
| Dividend Growth | 6.3% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | CA$0.345 |
| Payout ratio | 54% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NET.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: NET.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canadian Net Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NET.UN) | 6.6% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (REITs) | 7.2% |
| Analyst forecast (NET.UN) (up to 3 years) | 6.7% |
Notable Dividend: NET.UN's dividend (6.63%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: NET.UN's dividend (6.63%) is in the top 25% of dividend payers in the Canadian market (6.16%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.3%), NET.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66.3%), NET.UN's dividend payments are covered by cash flows.