If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of HomeCo Daily Needs REIT is 1.694, which seems too high.
During the past 2 years, the highest Dividend Payout Ratio of HomeCo Daily Needs REIT was 1.69. The lowest was 0.30. And the median was 0.99.
* 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.
HomeCo Daily Needs REIT Dividend Yield % Chart
HomeCo Daily Needs REIT Annual Data
Trend
Jun22
Jun23
Dividend Yield %
6.47
7.06
HomeCo Daily Needs REIT Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Dividend Yield %
5.09
6.47
6.45
7.06
6.80
Competitive Comparison of HomeCo Daily Needs REIT's Dividend Yield %
For the REIT - Retail subindustry, HomeCo Daily Needs 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.
HomeCo Daily Needs REIT's Dividend Yield % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where HomeCo Daily Needs REIT's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
HomeCo Daily Needs REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.020750
2024-03-27
2024-03-28
2024-05-22
Cash Dividend
quarterly
AUD:AUD 1.000000
AUD 0.020750
2023-12-28
2023-12-29
2024-02-21
Cash Dividend
quarterly
AUD:AUD 1.000000
AUD 0.020750
2023-09-28
2023-09-29
2023-11-29
Cash Dividend
quarterly
AUD:AUD 1.000000
AUD 0.020750
2023-06-29
2023-06-30
2023-08-30
Cash Dividend
quarterly
AUD: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.
* 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.
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.
HomeCo Daily Needs REIT Dividend Yield % Related Terms
Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
HomeCo Daily Needs REIT (ASX:HDN) Business Description
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.
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