SL Green Realty Dividends and Buybacks
Dividend criteria checks 5/6
SL Green Realty is a dividend paying company with a current yield of 6.55% that is well covered by earnings. Next payment date is on 16th January, 2024 with an ex-dividend date of 28th December, 2023.
Key information
6.5%
Dividend yield
-0.02%
Buyback Yield
| Total Shareholder Yield | 6.5% |
| Future Dividend Yield | 6.3% |
| Dividend Growth | 14.7% |
| Next dividend pay date | 16 Jan 24 |
| Ex dividend date | 28 Dec 23 |
| Dividend per share | n/a |
| Payout ratio | 61% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SLG *'s dividends per share have been stable in the past 10 years.
Growing Dividend: SLG *'s dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| SL Green Realty Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SLG *) | 6.5% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.0% |
| Industry Average (Office REITs) | 10.2% |
| Analyst forecast (SLG *) (up to 3 years) | 6.3% |
Notable Dividend: SLG *'s dividend (6.55%) is higher than the bottom 25% of dividend payers in the MX market (2.25%).
High Dividend: SLG *'s dividend (6.55%) is low compared to the top 25% of dividend payers in the MX market (6.98%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60.7%), SLG *'s dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (99%), SLG *'s dividend payments are covered by cash flows.