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Sun Communities (Sun Communities) 3-Year Dividend Growth Rate

: 5.60% (As of Dec. 2023)
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Sun Communities's Dividends per Share for the three months ended in Dec. 2023 was $0.93.

The historical rank and industry rank for Sun Communities's 3-Year Dividend Growth Rate or its related term are showing as below:

SUI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -11.7   Med: 3.5   Max: 187
Current: 5.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sun Communities was 187.00% per year. The lowest was -11.70% per year. And the median was 3.50% per year.

SUI's 3-Year Dividend Growth Rate is ranked better than
66.86% of 507 companies
in the REITs industry
Industry Median: 2.1 vs SUI: 5.60

During the past 12 months, Sun Communities's average Dividends Per Share Growth Rate was 5.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Sun Communities's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.31. As of today, Sun Communities's Dividend Yield % is 3.12%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sun Communities Inc is 0.74, which seems too high.

Good Sign:

Sun Communities Inc stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the REIT - Residential subindustry, Sun Communities's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sun Communities 3-Year Dividend Growth Rate Distribution

For the REITs industry and Real Estate sector, Sun Communities's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Sun Communities's 3-Year Dividend Growth Rate falls into.



Sun Communities 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Sun Communities  (NYSE:SUI) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Sun Communities's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.93/ 3.027
=0.31

During the past 13 years, the highest Dividend Payout Ratio of Sun Communities was 5.56. The lowest was 0.74. And the median was 2.10.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sun Communities Inc is 0.74, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Sun Communities Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.9402024-03-272024-03-292024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.9302023-12-282023-12-292024-01-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.9302023-09-282023-09-292023-10-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.9302023-06-292023-06-302023-07-17Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Sun Communities's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.73/117.96
=3.16 %

Current Share Price is $117.96.
Sun Communities's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.73.

During the past 13 years, the highest Dividend Yield of Sun Communities was 7.88%. The lowest was 1.55%. And the median was 2.88%.

Good Sign:

Sun Communities Inc stock dividend yield is close to 5-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sun Communities 3-Year Dividend Growth Rate Related Terms>


Sun Communities (Sun Communities) Business Description

Industry
Traded in Other Exchanges
Address
27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
Executives
Baxter Underwood officer: CEO - Safe Harbor Marinas, LLC 14785 PRESTON RD, 9TH FLOOR, DALLAS TX 75254
Marc Farrugia officer: EVP & Chief Admin. Officer 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Jeff Blau director
Bruce Thelen officer: EVP 27777 FRANKLIN RD., STE. 200, SOUTHFIEL MI 48034
Clunet R Lewis director 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Fernando Castro-caratini officer: EVP, CFO, Sec. & Treas. 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
John Bandini Mclaren officer: EVP & CFO 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Stephanie W Bergeron director 27777 FRANKLIN ROAD, STE 200, SUN COMMUNITIES, INC, SOUTHFIELD MI 48034
Aaron Weiss officer: EVP, Corp. Strat. & Bus. Dev. 27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Gary A Shiffman director, officer: Chrmn and CEO 27777 FRANKLIN ROAD, STE 200, SOUTHFIELD MI 48034
Karen Dearing officer: EVP, CFO, Sec. & Treasurer 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Tonya Allen director 2777 FRANKLIN RD., STE. 200, SOUTHFIELD MI 48034
Ronald A Klein director 235 EAST MAIN STREET, MIDLAND MI 48640
Jonathan Colman officer: EVP 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Brian M Hermelin director 2064 D STREET, BELLEVILLE MI 48111

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