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Vicinity Centres (ASX:VCX) 5-Year Dividend Growth Rate : -13.70% (As of Dec. 2023)


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What is Vicinity Centres 5-Year Dividend Growth Rate?

Vicinity Centres's Dividends per Share for the six months ended in Dec. 2023 was A$0.06.

During the past 12 months, Vicinity Centres's average Dividends Per Share Growth Rate was 16.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -13.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -7.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 12 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 -1.20% per year.

Vicinity Centres's Dividend Payout Ratio for the six months ended in Dec. 2023 was 1.29. As of today, Vicinity Centres's Dividend Yield % is 6.29%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Vicinity Centres is 1.73, which seems too high.

Good Sign:

Vicinity Centres stock dividend yield is close to 3-year high.

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


Competitive Comparison of Vicinity Centres's 5-Year Dividend Growth Rate

For the REIT - Retail subindustry, Vicinity Centres's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate 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's 5-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vicinity Centres's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Vicinity Centres's 5-Year Dividend Growth Rate falls into.



Vicinity Centres 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Vicinity Centres  (ASX:VCX) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Vicinity Centres'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 )
=0.063/ 0.049
=1.29

During the past 12 years, the highest Dividend Payout Ratio of Vicinity Centres was 1.92. The lowest was 0.18. And the median was 0.54.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Vicinity Centres is 1.73, which seems too high.

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

Vicinity Centres Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
AUD 0.0585002024-02-202024-02-212024-03-07Cash Dividendsemi-annuallyAUD:AUD 1.000000
AUD 0.0625002023-08-212023-08-222023-09-11Cash Dividendsemi-annuallyAUD:AUD 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.

Vicinity Centres's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.121/1.935
=6.25 %

Current Share Price is A$1.935.
Vicinity Centres's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.121.

During the past 12 years, the highest Dividend Yield of Vicinity Centres was 16.48%. The lowest was 2.24%. And the median was 5.93%.

Good Sign:

Vicinity Centres stock dividend yield is close to 3-year high.

* 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 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Vicinity Centres's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


Vicinity Centres (ASX:VCX) Business Description

Industry
Traded in Other Exchanges
Address
1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148
Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.

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