During the past 12 months, Vicinity Centres's average Dividends Per Share Growth Rate was 2.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 36.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 11.00% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -6.60% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Vicinity Centres was 37.50% per year. The lowest was -33.40% per year. And the median was 4.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Vicinity Centres Forward Dividend Yield % Related Terms
ASX:VCX vs SPG, O, KIM: Forward Dividend Yield % Comparison
For the REIT - Retail subindustry, Vicinity Centres's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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.
Vicinity Centres Forward Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's Forward Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Vicinity Centres Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.062000
2026-02-23
2026-02-24
2026-03-12
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.060500
2025-08-25
2025-08-26
2025-09-16
Cash Dividend
semi-annually
AUD:AUD 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.
Vicinity Centres's Forward Annual Dividend Yield (%) for Today is calculated as
* 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.
What does a Forward Dividend Yield % of 4.77% mean?
Vicinity Centres (ASX:VCX) has a Forward Dividend Yield % of 4.77% as of Jun. 26, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Vicinity Centres and its competitors. According to the industry distribution chart, Vicinity Centres ranks #675 out of 869 companies in the REITs industry, placing it in the top 77.7%.
Is Vicinity Centres' Forward Dividend Yield % too high?
Vicinity Centres' current Forward Dividend Yield % is 4.77%. The REITs industry median Forward Dividend Yield % is 6.86. Vicinity Centres' value of 4.77% is 30.5% below this industry median. Based on the distribution chart, Vicinity Centres ranks #675 out of 869 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Vicinity Centres has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Forward Dividend Yield % compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #675 out of 869 companies for Forward Dividend Yield %. This places Vicinity Centres in the lower half of its industry. The industry median Forward Dividend Yield % is 6.86. Vicinity Centres' value of 4.77% is 30.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a REITs company?
The median Forward Dividend Yield % among REITs companies is 6.86, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current Forward Dividend Yield % of 4.77% is 30.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median Forward Dividend Yield % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Forward Dividend Yield % is 4.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Centres stock overvalued right now?
Based on GuruFocus' analysis, Vicinity Centres (ASX:VCX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.81, compared to a current price of A$2.64 — trading 45.9% above its estimated fair value. The current Forward Dividend Yield % is 4.77% and 30.5% below the REITs industry median of 6.86. Vicinity Centres' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current Forward Dividend Yield % is 4.77% as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vicinity Centres (ASX:VCX) Overvalued in 2026?
Based on GuruFocus' analysis, Vicinity Centres stock appears to be overvalued.
The current stock price of A$2.64 is trading 45.9% above its estimated GF Value™ of A$1.81.
GuruFocus considers Vicinity Centres to be Significantly Overvalued.
Key valuation signals for ASX:VCX:
Forward Dividend Yield %: 4.77%
GF Value™: A$1.81 vs. price of A$2.64 (45.9% above fair value)
Industry Position: 30.5% below the REITs median (#675 of 869)
No single metric tells the full story. See the ASX:VCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vicinity Centres operates about 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne's Chadstone, Vicinity's crown jewel, is Australia's largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 15% of the portfolio. Vast majority of Vicinity's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
69GF Score
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