Investore Property Dividends and Buybacks
Dividend criteria checks 3/6
Investore Property is a dividend paying company with a current yield of 5.65% that is well covered by earnings. Next payment date is on 10th December, 2024 with an ex-dividend date of 21st November, 2024.
Key information
5.7%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 5.7% |
| Future Dividend Yield | 5.8% |
| Dividend Growth | 1.9% |
| Next dividend pay date | 10 Dec 24 |
| Ex dividend date | 21 Nov 24 |
| Dividend per share | NZ$0.065 |
| Payout ratio | 73% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: IPL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: IPL's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Investore Property Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IPL) | 5.7% |
| Market Bottom 25% (NZ) | 3.2% |
| Market Top 25% (NZ) | 6.1% |
| Industry Average (Retail REITs) | 5.6% |
| Analyst forecast (IPL) (up to 3 years) | 5.8% |
Notable Dividend: IPL's dividend (5.65%) is higher than the bottom 25% of dividend payers in the NZ market (3.23%).
High Dividend: IPL's dividend (5.65%) is low compared to the top 25% of dividend payers in the NZ market (6.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (72.6%), IPL's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (83.6%), IPL's dividend payments are covered by cash flows.