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Scentre Group (ASX:SCG) 3-Year Dividend Growth Rate : 13.40% (As of Dec. 2023)


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What is Scentre Group 3-Year Dividend Growth Rate?

Scentre Group's Dividends per Share for the six months ended in Dec. 2023 was A$0.08.

The historical rank and industry rank for Scentre Group's 3-Year Dividend Growth Rate or its related term are showing as below:

ASX:SCG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -19.3   Med: 2.2   Max: 33.2
Current: 13.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Scentre Group was 33.20% per year. The lowest was -19.30% per year. And the median was 2.20% per year.

ASX:SCG's 3-Year Dividend Growth Rate is ranked better than
80.28% of 502 companies
in the REITs industry
Industry Median: 2.1 vs ASX:SCG: 13.40

During the past 12 months, Scentre Group's average Dividends Per Share Growth Rate was 11.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -6.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -3.90% 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.

Scentre Group's Dividend Payout Ratio for the six months ended in Dec. 2023 was 16.60. As of today, Scentre Group's Dividend Yield % is 5.27%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Scentre Group is 4.88, which seems too high.

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


Competitive Comparison of Scentre Group's 3-Year Dividend Growth Rate

For the REIT - Retail subindustry, Scentre Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-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.


Scentre Group's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Scentre Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Scentre Group's 3-Year Dividend Growth Rate falls into.



Scentre Group 3-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 expontential compound based on the latest four year annual data.

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.


Scentre Group  (ASX:SCG) 3-Year Dividend Growth Rate Explanation

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

Scentre Group'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 )
=0.083/ 0.005
=16.60

During the past 13 years, the highest Dividend Payout Ratio of Scentre Group was 4.88. The lowest was 0.27. And the median was 0.51.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Scentre Group is 4.88, which seems too high.

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

Scentre Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
AUD 0.0840002024-02-152024-02-162024-02-29Cash Dividendsemi-annuallyAUD:AUD 1.000000
AUD 0.0830002023-08-172023-08-182023-08-31Cash 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.

Scentre Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.167/3.18
=5.25 %

Current Share Price is A$3.18.
Scentre Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.167.

During the past 13 years, the highest Dividend Yield of Scentre Group was 14.83%. The lowest was 3.58%. And the median was 5.28%.

* 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.


Scentre Group 3-Year Dividend Growth Rate Related Terms>


Scentre Group (ASX:SCG) Business Description

Industry
Traded in Other Exchanges
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.