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Tricon Residential Dividends and Buybacks
Dividend criteria checks 4/6
Tricon Residential is a dividend paying company with a current yield of 2.06% that is well covered by earnings.
Key information
2.1%
Dividend yield
-14.6%
Buyback Yield
| Total Shareholder Yield | -12.6% |
| Future Dividend Yield | 2.1% |
| Dividend Growth | 1.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.232 |
| Payout ratio | 56% |
Recent dividend and buyback updates
Recent updates
Tricon Residential: Blackstone's Accretive Acquisition
Jan 24Tricon Residential: Attractive Set-Up Going Into 2024
Nov 14Tricon Residential's Performance Revenue Is Not Priced Into The Stock
Sep 20Tricon Residential Offers A Lot Of Value At Current Prices
Jul 05Tricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale Expansion
May 25Tricon Residential Is Cheap Relative To Its Growth
Feb 16Tricon Residential: Between A Rock And A Hard Place
Nov 11Tricon Residential to sell 20% equity interest in Sun Belt apartment portfolio
Oct 12Tricon Capital goes ex-dividend tomorrow
Sep 28Tricon Residential stock gains after nabbing Strong Buy from Raymond James
Aug 02Tricon Residential: Opportunity Follows Fear
Jun 23Zillow's Hottest Housing Markets 2022: Tricon Residential Is On Target
Mar 17Tricon Residential CEO Gary Berman - Single Family Rentals An Exciting Asset Class (Video)
Oct 11Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TCN's dividend payments have been volatile in the past 10 years.
Growing Dividend: TCN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Tricon Residential Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TCN) | 2.1% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Real Estate) | 2.2% |
| Analyst forecast (TCN) (up to 3 years) | 2.1% |
Notable Dividend: TCN's dividend (2.06%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: TCN's dividend (2.06%) is low compared to the top 25% of dividend payers in the US market (4.82%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.6%), TCN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (75%), TCN's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/01 09:21 |
| End of Day Share Price | 2024/05/01 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tricon Residential Inc. is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wojtek Nowak | ATB Capital Markets |
| Stephen MacLeod | BMO Capital Markets Equity Research |
| Mark Rothschild | Canaccord Genuity |