Sun Communities (BSP:S2UI34) Dividend Payout Ratio : 0.57 (As of Sep. 2024)

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What is Sun Communities Dividend Payout Ratio?

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. Sun Communities's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.57.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sun Communities Inc is 3.83, which seems too high.

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

BSP:S2UI34' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.3 Med: 2.48 Max: 5.56
Current: 2.41

During the past 13 years, the highest Dividend Payout Ratio of Sun Communities was 5.56. The lowest was 1.30. And the median was 2.48.

BSP:S2UI34's Dividend Payout Ratio is ranked worse than
89.82% of 668 companies
in the REITs industry
Industry Median: 1.01 vs BSP:S2UI34: 2.41

As of today (2024-12-11), the Dividend Yield % of Sun Communities is 1.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Sun Communities was 4.23%. The lowest was 1.55%. And the median was 2.78%.

Sun Communities's Dividends per Share for the months ended in Sep. 2024 was R$0.19.

During the past 12 months, Sun Communities's average Dividends Per Share Growth Rate was 2.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sun Communities was 187.00% per year. The lowest was -11.70% per year. And the median was 3.50% 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.

Sun Communities Dividend Payout Ratio Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Dividend Payout Ratio Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.11

1.33

2.55

Sun Communities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.58	-	-	1.22	0.57

Competitive Comparison of Sun Communities's Dividend Payout Ratio

For the REIT - Residential subindustry, Sun Communities'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.

Sun Communities's Dividend Payout Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Sun Communities's Dividend Payout Ratio falls into.

Sun Communities Dividend Payout Ratio Calculation

Sun Communities's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.85	/	0.333
	=	2.55

Sun Communities's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.19	/	0.333
	=	0.57

Sun Communities (BSP:S2UI34) 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.

Sun Communities Dividend Payout Ratio Related Terms

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

Sun Communities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (BSP:S2UI34) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SUI:USA SUI:Mexico SCZ:Germany SCZ:Germany

Address

27777 Franklin Road, Suite 300, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 666 properties, which includes 350 manufactured housing communities, 179 residential vehicle communities, and 137 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Sun Communities Headlines

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