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Novus Properties (XMAU:NOV) Dividend Yield % : 7.83% (As of Jun. 05, 2024)


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What is Novus Properties Dividend Yield %?

As of today (2024-06-05), the Trailing Annual Dividend Yield of Novus Properties is 7.83%.

Good Sign:

Novus Properties Ltd stock dividend yield is close to 10-year high.

The historical rank and industry rank for Novus Properties's Dividend Yield % or its related term are showing as below:

XMAU:NOV' s Dividend Yield % Range Over the Past 10 Years
Min: 1.84   Med: 4.1   Max: 7.83
Current: 7.83

During the past 9 years, the highest Dividend Yield of Novus Properties was 7.83%. The lowest was 1.84%. And the median was 4.10%.

XMAU:NOV's Dividend Yield % is ranked better than
87.56% of 884 companies
in the Real Estate industry
Industry Median: 3.42 vs XMAU:NOV: 7.83

Novus Properties's Dividend Payout Ratio for the three months ended in Mar. 2024 was 1.67.

During the past 9 years, the highest Dividend Payout Ratio of Novus Properties was 1.07. The lowest was 0.18. And the median was 0.67.

As of today (2024-06-05), the Forward Dividend Yield % of Novus Properties is 7.83%.

Novus Properties's Dividends per Share for the three months ended in Mar. 2024 was MUR0.25.

During the past 12 months, Novus Properties's average Dividends Per Share Growth Rate was 71.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.90% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Novus Properties was 36.30% per year. The lowest was -22.40% per year. And the median was -1.60% per year.

The growth rate is calculated with least square regression.

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


Novus Properties Dividend Yield % Historical Data

The historical data trend for Novus Properties's Dividend Yield % 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.

Novus Properties Dividend Yield % Chart

Novus Properties Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only 4.53 4.21 2.10 4.10 6.22

Novus Properties Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Dividend Yield % 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 4.01 6.02 6.22 5.41 7.34

Competitive Comparison of Novus Properties's Dividend Yield %

For the Real Estate Services subindustry, Novus Properties'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.


Novus Properties's Dividend Yield % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Novus Properties's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Novus Properties's Dividend Yield % falls into.



Novus Properties Dividend Yield % Calculation

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

Novus Properties Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
MUR 0.2500002024-02-292024-03-042024-03-29Cash Dividendsemi-annuallyMUR:MUR 1.000000
MUR 0.2200002023-08-232023-08-252023-10-15Cash Dividendsemi-annuallyMUR:MUR 1.000000

* 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.

Novus Properties's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.47/6.00
=7.83 %

Current Share Price is MUR6.00.
Novus Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is MUR0.47.

Novus Properties's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.5/6.00
=8.33 %

Current Share Price is MUR6.00.
Novus Properties's Dividends per Share for the forward twelve months is calculated as MUR0.25 * 2 = MUR0.5.

* 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.


Novus Properties  (XMAU:NOV) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Novus Properties Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Novus Properties's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Novus Properties (XMAU:NOV) Business Description

Traded in Other Exchanges
N/A
Address
Le Caudan Waterfront, 6th/7th Floor, Dias Pier Building, Port Louis, MUS, 11307
Novus Properties Ltd is engaged in acquiring, investing, and holding an investment in real estate located in Mauritius. It invests mainly in the Offices and Light Industrial sectors. The company generates the majority revenue from the rental income.

Novus Properties (XMAU:NOV) Headlines

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