Sun Residential Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 4/6
Sun Residential Real Estate Investment Trust is a dividend paying company with a current yield of 8.44% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 13th December, 2024.
Key information
8.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 20.6% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 13 Dec 24 |
| Dividend per share | CA$0.0038 |
| Payout ratio | 84% |
Recent dividend and buyback updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, SRES has been paying a dividend for less than 10 years.
Growing Dividend: SRES has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Sun Residential Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SRES) | 8.4% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Residential REITs) | 3.4% |
| Analyst forecast (SRES) (up to 3 years) | n/a |
Notable Dividend: SRES's dividend (8.44%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: SRES's dividend (8.44%) is in the top 25% of dividend payers in the Canadian market (6.18%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (83.7%), SRES's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.3%), SRES's dividend payments are well covered by cash flows.