Spirit Realty Capital Dividends and Buybacks
Dividend criteria checks 4/6
Spirit Realty Capital is a dividend paying company with a current yield of 6.33% that is well covered by earnings.
Key information
6.3%
Dividend yield
-1.0%
Buyback Yield
| Total Shareholder Yield | 5.3% |
| Future Dividend Yield | 6.8% |
| Dividend Growth | -0.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 75% |
Recent dividend and buyback updates
Recent updates
REIT Merger Standoff: Spirit Realty The Clear Winner With A Low Risk Potential 18.5% Return
Nov 01Spirit Is Anything But Spooky
Oct 17Spirit Realty Capital: A Solid Prospect For Value-Oriented, Yield-Seeking Investors
Sep 19Pounce On Spirit Realty Before Realty Income Does
Aug 26Nothing Spooky About Spirit
Jun 30Spirit Realty: I'd Rather Chase High Yield
May 31Spirit Realty Capital declares $0.663 dividend
Feb 23Spirit Realty: The 6% Yield Is Growing
Feb 16Spirit Realty Capital declares $0.663 dividend
Jan 24Like Passive Income? Buy Spirit Realty Capital's 6.6% Yield
Jan 09Spirit Realty Capital, NETSTREIT stocks downgraded to Neutral at BofA
Nov 14Spirit Realty: At These Yields Don't Look Away
Oct 30Spirit Realty: A Super 7% Yield To Turn Up The Cash Flow
Sep 26Spirit Realty Capital announces $800M term loan facility
Aug 22Spirit Realty Capital: Spirit-Lifting Dividends And Upside Potential
May 13Spirit Realty Capital: Buy This 5.6% Yielding Recession-Resistant Trust
Apr 18Spirit Realty: My Oh My, Another Strong Buy
Apr 10Spirit Realty Capital: Dirt Cheap And Higher Quality Than The Market Thinks
Feb 06Now Yielding 5.4%, Spirit Realty Capital Is Unfairly Maligned By The Market
Nov 24Spirit Realty Pays You A 5.2% Yield, And Is No Longer Spooky
Sep 11Spirit Realty Capital: Now Is The Best Time To Own Consumer Discretionary Real Estate
Jun 28Spirit Realty Capital: Not Bad, But Not Great Either
May 04Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SRC's dividend payments have been volatile in the past 10 years.
Growing Dividend: SRC's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Spirit Realty Capital Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SRC) | 6.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Retail REITs) | 4.8% |
| Analyst forecast (SRC) (up to 3 years) | 6.8% |
Notable Dividend: SRC's dividend (6.33%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: SRC's dividend (6.33%) is in the top 25% of dividend payers in the US market (4.67%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (75.5%), SRC's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72.8%), SRC'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 | 2024/01/23 06:43 |
| End of Day Share Price | 2024/01/22 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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 |
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* 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
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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
Spirit Realty Capital, Inc. is covered by 21 analysts. 6 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 |
|---|---|
| Nathan Crossett | Berenberg |
| Joshua Dennerlein | BofA Global Research |
| David Corak | B. Riley Securities, Inc. |