MRVGF (Mirvac Group) 3-Year Dividend Growth Rate : 2.00% (As of Jun. 2024)

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What is Mirvac Group 3-Year Dividend Growth Rate?

Mirvac Group's Dividends per Share for the six months ended in Jun. 2024 was $0.04.

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

MRVGF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -37.8 Med: 3.55 Max: 66.8
Current: 2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mirvac Group was 66.80% per year. The lowest was -37.80% per year. And the median was 3.55% per year.

MRVGF's 3-Year Dividend Growth Rate is ranked worse than
55.66% of 512 companies
in the REITs industry
Industry Median: 3.1 vs MRVGF: 2.00

During the past 3 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.90% 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.

Mirvac Group's Dividend Payout Ratio for the six months ended in Jun. 2024 was 0.00. As of today, Mirvac Group's Dividend Yield % is 4.82%.

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

Competitive Comparison of Mirvac Group's 3-Year Dividend Growth Rate

For the REIT - Diversified subindustry, Mirvac Group'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.

Mirvac Group's 3-Year Dividend Growth Rate Distribution in the REITs Industry

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

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

Mirvac Group 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.

Mirvac Group (OTCPK:MRVGF) 3-Year Dividend Growth Rate Explanation

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

Mirvac Group's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.04	/	-0.102
	=	N/A

During the past 13 years, the highest Dividend Payout Ratio of Mirvac Group was 0.64. The lowest was 0.33. And the median was 0.43.

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

Mirvac Group Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
AUD 0.060000	2024-06-27	2024-06-28	2024-08-29	Cash Dividend	semi-annually	AUD:USD 0.664011
AUD 0.045000	2023-12-28	2023-12-29	2024-02-29	Cash Dividend	semi-annually	AUD:USD 0.669344

* 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.

Mirvac Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.06996114	/	1.45
	=	4.82 %

Current Share Price is $1.45.
Mirvac Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.06996114.

During the past 13 years, the highest Dividend Yield of Mirvac Group was 5.95%. The lowest was 3.05%. And the median was 4.59%.

* 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.

Mirvac Group 3-Year Dividend Growth Rate Related Terms>

Mirvac Group Business Description

Industry

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MGR:Australia

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.