Piedmont Office Realty Trust Dividends and Buybacks
Dividend criteria checks 4/6
Piedmont Office Realty Trust is a dividend paying company with a current yield of 5.87% that is well covered by earnings. Next payment date is on 2nd January, 2025 with an ex-dividend date of 22nd November, 2024.
Key information
5.9%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 6.0% |
| Future Dividend Yield | 6.6% |
| Dividend Growth | 7.0% |
| Next dividend pay date | 02 Jan 25 |
| Ex dividend date | 22 Nov 24 |
| Dividend per share | US$0.500 |
| Payout ratio | 33% |
Recent dividend and buyback updates
Recent updates
Piedmont Office Realty Trust: Christmas Comes Early This Year (Strong Buy)
Dec 06Piedmont Office: Core FFO Will Likely Trough In 2024 (Rating Upgrade)
Sep 05Piedmont Office Realty Trust: Attractive Valuation But Risks Remain
Apr 19Piedmont Office: Steep Discount To Book And A Covered 7% Dividend Yield
Jan 22Piedmont Office: Most Risks Addressed Following Renewal Of Largest Tenant
Nov 05Piedmont Office: Calamitous Drops Don't Scare Us Out Of The Game
Oct 03Piedmont Office: Dividend News Distracts From Material Upside Potential In Share Price
Jul 30Piedmont Office Realty Trust: Really Cheap With An 11% Yield
Jul 11Piedmont: I'm Collecting A 9% Yield While Waiting For Shares To Recover
Feb 25Piedmont Office Realty Trust Q4 results mixed, co gives in-line FY 2023 FFO guidance
Feb 08Piedmont Office declares $0.21 dividend
Feb 01Piedmont Office Realty: My Top 2023 Stock Pick
Dec 22Piedmont Office Realty Trust: The Atlanta Market Will Carry It Forward
Nov 16Piedmont Office GAAP EPS of $0.03 misses by $0.03
Nov 02Piedmont Office Realty Trust's 8.7% Dividend Yield Looks Peachy
Oct 23Piedmont Office Realty Trust: A 6.5% Yielding Sunbelt REIT Due For A Rebound
Aug 23Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PDM's dividend payments have been volatile in the past 10 years.
Growing Dividend: PDM's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Piedmont Office Realty Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PDM) | 5.9% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Office REITs) | 4.7% |
| Analyst forecast (PDM) (up to 3 years) | 6.6% |
Notable Dividend: PDM's dividend (5.87%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: PDM's dividend (5.87%) is in the top 25% of dividend payers in the US market (4.53%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.7%), PDM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.9%), PDM's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:09 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| 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 |
|
|
| 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 here.
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 .
Analyst Sources
Piedmont Office Realty Trust, Inc. is covered by 13 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 |
|---|---|
| Nicholas Thillman | Baird |
| Paul Adornato | BMO Capital Markets Equity Research |
| Paul Adornato | BMO Capital Markets U.S. (Historical) |