If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of True North Commercial REIT is 0.78, which seems too high.
During the past 12 years, the highest Dividend Payout Ratio of True North Commercial REIT was 2.12. The lowest was 0.64. And the median was 1.20.
During the past 12 months, True North Commercial REIT's average Dividends Per Share Growth Rate was -50.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -9.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -3.30% per year.
During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of True North Commercial REIT was -1.50% per year. The lowest was -20.60% per year. And the median was -11.05% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
True North Commercial REIT Dividend Yield % Historical Data
* 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.
Competitive Comparison of True North Commercial REIT's Dividend Yield %
For the REIT - Office subindustry, True North Commercial REIT's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
True North Commercial REIT's Dividend Yield % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, True North Commercial REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where True North Commercial REIT's Dividend Yield % falls into.
True North Commercial REIT Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
True North Commercial REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 0.142313
2023-10-30
2023-10-31
2023-11-15
Cash Dividend
monthly
CAD:USD 0.720565
CAD 0.142313
2023-09-28
2023-09-29
2023-10-16
Cash Dividend
monthly
CAD:USD 0.735808
CAD 0.142313
2023-08-30
2023-08-31
2023-09-15
Cash Dividend
monthly
CAD:USD 0.738607
CAD 0.142313
2023-07-28
2023-07-31
2023-08-15
Cash Dividend
monthly
CAD:USD 0.759878
CAD 0.142313
2023-06-29
2023-06-30
2023-07-17
Cash Dividend
monthly
CAD:USD 0.755744
CAD 0.142313
2023-05-30
2023-05-31
2023-06-15
Cash Dividend
monthly
CAD:USD 0.735943
* 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.
* 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.
True North Commercial REIT (OTCPK:TUERF) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
True North Commercial REIT Dividend Yield % Related Terms
Thank you for viewing the detailed overview of True North Commercial REIT's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
True North Commercial REIT (True North Commercial REIT) Business Description
True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.
True North Commercial REIT (True North Commercial REIT) Headlines
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