CareTrust REIT (CareTrust REIT) Dividend Payout Ratio : 1.17 (As of Dec. 2023)

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What is CareTrust REIT Dividend Payout Ratio?

CareTrust REIT's dividend payout ratio for the months ended in Dec. 2023 was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CareTrust REIT Inc is 1.34, which seems too high.

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

CTRE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.17 Med: 1.29 Max: 2.29
Current: 1.34

During the past 12 years, the highest Dividend Payout Ratio of CareTrust REIT was 2.29. The lowest was 1.17. And the median was 1.29.

CTRE's Dividend Payout Ratio is ranked worse than
68.68% of 562 companies
in the REITs industry
Industry Median: 1.015 vs CTRE: 1.34

As of today (2024-04-27), the Dividend Yield % of CareTrust REIT is 4.65%.

During the past 12 years, the highest Trailing Annual Dividend Yield of CareTrust REIT was 7.17%. The lowest was 0.91%. And the median was 4.67%.

CareTrust REIT's Dividends per Share for the months ended in Dec. 2023 was $0.28.

During the past 12 months, CareTrust REIT's average Dividends Per Share Growth Rate was 1.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.60% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of CareTrust REIT was 80.90% per year. The lowest was 3.80% per year. And the median was 8.90% per year.

The growth rate is calculated with least square regression.

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

CareTrust REIT Dividend Payout Ratio Historical Data

The historical data trend for CareTrust REIT'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.

CareTrust REIT Dividend Payout Ratio Chart

CareTrust REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.48

1.18

1.29

1.40

CareTrust REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.21	1.34	1.35	1.54	1.17

Competitive Comparison of CareTrust REIT's Dividend Payout Ratio

For the REIT - Healthcare Facilities subindustry, CareTrust REIT'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.

CareTrust REIT's Dividend Payout Ratio Distribution in the REITs Industry

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

* The bar in red indicates where CareTrust REIT's Dividend Payout Ratio falls into.

CareTrust REIT Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

CareTrust REIT'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 )
	=	1.12	/	0.802
	=	1.40

CareTrust 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 )
	=	0.28	/	0.24
	=	1.17

CareTrust REIT (NYSE:CTRE) Dividend Payout Ratio Explanation

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.

CareTrust REIT Dividend Payout Ratio Related Terms

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

CareTrust REIT (CareTrust REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CareTrust REIT Inc (NYSE:CTRE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

7XC:Germany

Address

905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673

Website

https://www.caretrustreit.com

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

Executives

James Callister	officer: Executive Vice President	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Anne Olson	director	800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Careina D. Williams	director	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Spencer G Plumb	director	17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128
Diana Laing	director	THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Mark D Lamb	officer: Chief Investment Officer	905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Gary B Sabin	director	16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127
Jon D Kline	director	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
William M Wagner	officer: See Remarks	903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
David M. Sedgwick	officer: Vice President of Operations	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Gregory K. Stapley	director, officer: President and CEO	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Allen Barbieri	director
David G. Lindahl	director	27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691
Christopher R. Christensen	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ensign Group, Inc	10 percent owner	29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675