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Slate Grocery REIT (TSX:SGR.UN) 3-Year Dividend Growth Rate : 1.50% (As of Dec. 2023)


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What is Slate Grocery REIT 3-Year Dividend Growth Rate?

Slate Grocery REIT's Dividends per Share for the three months ended in Dec. 2023 was C$0.29.

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

TSX:SGR.UN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -0.7   Med: 2.3   Max: 17.2
Current: 1.5

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Slate Grocery REIT was 17.20% per year. The lowest was -0.70% per year. And the median was 2.30% per year.

TSX:SGR.UN's 3-Year Dividend Growth Rate is ranked worse than
53.25% of 507 companies
in the REITs industry
Industry Median: 2.1 vs TSX:SGR.UN: 1.50

During the past 12 months, Slate Grocery REIT's average Dividends Per Share Growth Rate was -1.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.70% 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.

Slate Grocery REIT's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.92. As of today, Slate Grocery REIT's Dividend Yield % is 10.67%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Slate Grocery REIT is 1.10, which seems too high.

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


Competitive Comparison of Slate Grocery REIT's 3-Year Dividend Growth Rate

For the REIT - Retail subindustry, Slate Grocery REIT'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.


Slate Grocery REIT's 3-Year Dividend Growth Rate Distribution in the REITs Industry

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

* The bar in red indicates where Slate Grocery REIT's 3-Year Dividend Growth Rate falls into.



Slate Grocery REIT 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.


Slate Grocery REIT  (TSX:SGR.UN) 3-Year Dividend Growth Rate Explanation

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

Slate Grocery REIT'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 )
=0.29/ 0.314
=0.92

During the past 12 years, the highest Dividend Payout Ratio of Slate Grocery REIT was 41.36. The lowest was 0.53. And the median was 1.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Slate Grocery REIT is 1.10, which seems too high.

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

Slate Grocery REIT Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0722024-03-272024-03-282024-04-15Cash DividendmonthlyUSD:CAD 1.354570
USD 0.0722024-02-282024-02-292024-03-15Cash DividendmonthlyUSD:CAD 1.356800
USD 0.0722024-01-302024-01-312024-02-15Cash DividendmonthlyUSD:CAD 1.338400
USD 0.0722023-12-282023-12-292024-01-15Cash DividendmonthlyUSD:CAD 1.324995
USD 0.0722023-11-292023-11-302023-12-15Cash DividendmonthlyUSD:CAD 1.358700
USD 0.0722023-10-302023-10-312023-11-15Cash DividendmonthlyUSD:CAD 1.387800
USD 0.0722023-09-282023-09-292023-10-16Cash DividendmonthlyUSD:CAD 1.359050
USD 0.0722023-08-302023-08-312023-09-15Cash DividendmonthlyUSD:CAD 1.353900
USD 0.0722023-07-282023-07-312023-08-15Cash DividendmonthlyUSD:CAD 1.316000
USD 0.0722023-06-292023-06-302023-07-17Cash DividendmonthlyUSD:CAD 1.323200
USD 0.0722023-05-302023-05-312023-06-15Cash DividendmonthlyUSD:CAD 1.358800

* 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.

Slate Grocery REIT's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.06791948/11.04
=9.67 %

Current Share Price is C$11.04.
Slate Grocery REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.06791948.

During the past 12 years, the highest Dividend Yield of Slate Grocery REIT was 18.56%. The lowest was 1.28%. And the median was 7.92%.

* 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.


Slate Grocery REIT 3-Year Dividend Growth Rate Related Terms>


Slate Grocery REIT (TSX:SGR.UN) Business Description

Industry
Traded in Other Exchanges
Address
121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9
Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Westin Centre, Glenlake Plaza, Prairie Point, and others.

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