Spirit Realty Capital (Spirit Realty Capital) Dividend Payout Ratio : 2.66 (As of Sep. 2023)

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What is Spirit Realty Capital Dividend Payout Ratio?

Spirit Realty Capital's dividend payout ratio for the months ended in Sep. 2023 was 2.66.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Spirit Realty Capital Inc is 2.11, which seems too high.

The historical rank and industry rank for Spirit Realty Capital's Dividend Payout Ratio or its related term are showing as below:

SRC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.55 Med: 3.08 Max: 62.98
Current: 2.11

During the past 13 years, the highest Dividend Payout Ratio of Spirit Realty Capital was 62.98. The lowest was 1.55. And the median was 3.08.

SRC's Dividend Payout Ratio is not ranked
in the REITs industry.
Industry Median: 1.01 vs SRC: 2.11

As of today (2024-04-25), the Dividend Yield % of Spirit Realty Capital is 6.30%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Spirit Realty Capital was 11.24%. The lowest was 1.84%. And the median was 6.59%.

Spirit Realty Capital's Dividends per Share for the months ended in Sep. 2023 was $0.67.

During the past 12 months, Spirit Realty Capital's average Dividends Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -6.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Spirit Realty Capital was 57.70% per year. The lowest was -11.40% per year. And the median was -1.25% per year.

The growth rate is calculated with least square regression.

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

Spirit Realty Capital Dividend Payout Ratio Historical Data

The historical data trend for Spirit Realty Capital's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Spirit Realty Capital Dividend Payout Ratio Chart

Spirit Realty Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dividend Payout Ratio

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2.83

1.55

3.29

1.75

1.74

Spirit Realty Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.74	2.03	1.92	1.96	2.66

Competitive Comparison of Spirit Realty Capital's Dividend Payout Ratio

For the REIT - Diversified subindustry, Spirit Realty Capital's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Spirit Realty Capital's Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Spirit Realty Capital's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Spirit Realty Capital's Dividend Payout Ratio falls into.

Spirit Realty Capital Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Spirit Realty Capital's Dividend Payout Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2022 )	/	EPS without NRI (A: Dec. 2022 )
	=	2.602	/	1.495
	=	1.74

Spirit Realty Capital's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2023 )	/	EPS without NRI (Q: Sep. 2023 )
	=	0.67	/	0.252
	=	2.66

Spirit Realty Capital (NYSE:SRC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Spirit Realty Capital Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Spirit Realty Capital's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Spirit Realty Capital (Spirit Realty Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spirit Realty Capital Inc (NYSE:SRC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SRCpA.PFD:USA 21S1:Germany 21S1:Germany

Address

2727 North Harwood Street, Suite 300, Spirit Realty Capital, Dallas, TX, USA, 75201

Website

https://www.spiritrealty.com

Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.

Executives

Michelle M Frymire	director	C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
Richard I Gilchrist	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Rochelle Thomas	officer: EVP, General Counsel	C/O SPIRIT REALTY CAPITAL, INC., 2727 N HARWOOD STREET, SUITE 300, DALLAS TX 75201
Jay Young	officer: EVP, General Counsel	5501 LBJ FREEWAY, 5TH FLOOR, DALLAS TX 75240
Thomas J Sullivan	director	C/O SPIRIT REALTY CAPITAL INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
Kristian M Gathright	director	10 S THIRD ST, RICHMOND VA 23219
Diana Laing	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Elizabeth F Frank	director	ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211
Kenneth Heimlich	officer: EVP, Asset Management	2727 N. HARWOOD ST., STE. 300, DALLAS TX 75201
Jackson Hsieh	director, officer: CEO and President	2727 N HARWOOD STREET, SUITE 300, DALLAS TX 75201
Michael C. Hughes	officer: EVP, CFO	545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Prakash J Parag	officer: SVP, Chief Accounting Officer	2727 N HARWOOD STREET, SUITE 300, DALLAS X1 75201
Thomas D Senkbeil	director
Sheli Z Rosenberg	director	C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Todd A Dunn	director	14631 NORTH SCOTTSDALE RD., SUITE 200, SCOTTSDALE AZ 85254