Tokaido REIT Dividend
Dividend criteria checks 4/6
Tokaido REIT is a dividend paying company with a current yield of 5.06% that is well covered by earnings. Next payment date is on 23rd October, 2024 with an ex-dividend date of 30th July, 2024.
Key information
5.1%
Dividend yield
61%
Payout ratio
| Industry average yield | 4.6% |
| Next dividend pay date | 23 Oct 24 |
| Ex dividend date | 30 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | JP¥5.83k |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 2989's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2989's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Tokaido REIT Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2989) | 5.1% |
| Market Bottom 25% (JP) | 1.6% |
| Market Top 25% (JP) | 3.2% |
| Industry Average (REITs) | 4.6% |
| Analyst forecast in 3 Years (2989) | n/a |
Notable Dividend: 2989's dividend (5.06%) is higher than the bottom 25% of dividend payers in the JP market (1.6%).
High Dividend: 2989's dividend (5.06%) is in the top 25% of dividend payers in the JP market (3.22%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61%), 2989's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (79%), 2989's dividend payments are covered by cash flows.