Vicinity Centres (ASX:VCX) Dividend Payout Ratio: 0.35 (As of Dec. 2025) — 36% Below Median


ASX:VCX Vicinity Centres ASX:VCX
69 GF Score
Price A$2.64
GF Value A$1.81
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Vicinity Centres Dividend Payout Ratio?

Vicinity Centres ASX:VCX +1.54% 69 Dividend Payout Ratio is 0.35 as of Dec. 2025, which is 36% below its 10-year median of 0.55. GuruFocus rates ASX:VCX with a GF Score™ of 69/100 and a GF Value™ of A$1.81 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 718 REITs companies, Vicinity Centres ranks better than 90.95% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Vicinity Centres's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.35.

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

ASX:VCX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.55   Max: 1.92
Current: 0.42

During the past 13 years, the highest Dividend Payout Ratio of Vicinity Centres was 1.92. The lowest was 0.18. And the median was 0.55.

ASX:VCX's Dividend Payout Ratio is ranked better than
90.95% of 718 companies
in the REITs industry
Industry Median: 0.99 vs ASX:VCX: 0.42

As of today (2026-06-26), the Dividend Yield % of Vicinity Centres is 4.71%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Vicinity Centres was 16.48%. The lowest was 2.24%. And the median was 5.85%.

Vicinity Centres's Dividends per Share for the months ended in Dec. 2025 was A$0.06.

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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Vicinity Centres (ASX:VCX) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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 Dividend Payout Ratio Related Terms

Vicinity Centres Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Vicinity Centres'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.

Vicinity Centres Dividend Payout Ratio Chart

Vicinity Centres Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.18 1.92 1.01 0.54

Vicinity Centres Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 0.83 0.55 0.54 0.35

ASX:VCX vs SPG, O, KIM: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Vicinity Centres'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.

Vicinity Centres Dividend Payout Ratio vs REITs Industry

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

* The bar in red indicates where Vicinity Centres's Dividend Payout Ratio falls into.


ASX:VCX
69GF Score
Vicinity Centres ASX:VCX
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vicinity Centres Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Vicinity Centres's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.119/ 0.22
=0.54

Vicinity Centres's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.061/ 0.175
=0.35

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.35 mean?
Vicinity Centres (ASX:VCX) has a Dividend Payout Ratio of 0.35 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vicinity Centres and its competitors. This is 36% below median its historical median of 0.55. Over the past decade, Vicinity Centres' Dividend Payout Ratio has ranged from 0.18 to 1.92. According to the industry distribution chart, Vicinity Centres ranks #65 out of 718 companies in the REITs industry, placing it in the top 9.1%.
Is Vicinity Centres' Dividend Payout Ratio too high?
Vicinity Centres' current Dividend Payout Ratio of 0.35 is 36% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.92. The REITs industry median Dividend Payout Ratio is 0.99. Vicinity Centres' value of 0.35 is 64.6% below this industry median. Based on the distribution chart, Vicinity Centres ranks #65 out of 718 companies in the REITs industry, which is in the top quartile — a strong position 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' Dividend Payout Ratio compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #65 out of 718 companies for Dividend Payout Ratio. This places Vicinity Centres in the top 9% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Vicinity Centres' value of 0.35 is 64.6% below this benchmark. Historically, Vicinity Centres' own Dividend Payout Ratio has ranged from 0.18 to 1.92 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.99, Vicinity Centres has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vicinity Centres's current Dividend Payout Ratio of 0.35 is 64.6% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vicinity Centres and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Dividend Payout Ratio is 0.35, which is 36% below median its own 10-year median of 0.55. 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 Dividend Payout Ratio is 0.35, which is 36% below median its 10-year median of 0.55 and 64.6% below the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Vicinity Centres (ASX:VCX), the current Dividend Payout Ratio is 0.35 as of Dec. 2025. 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:

  • Dividend Payout Ratio: 0.35 (36% below median its 10-year median of 0.55)
  • GF Value™: A$1.81 vs. price of A$2.64 (45.9% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 64.6% below the REITs median (#65 of 718)

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 Business Description

Industry Real EstateREITs
Other Exchanges CNRAF:USA
Address 1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148
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

Get the complete analysis for ASX:VCX

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.64
Price
A$1.81
GF Value