Page title
Section title
- Dividend Yield
- 3.92%
- Payout Ratio
- 19.39%
- Dividend Amount Per Share
- $0.73
- Last Ex-Dividend Date
- Aug 30, 2024
MRG-UN.TO Dividend Safety
MRG-UN.TO paid out 19.39% of its $176M earnings as dividends over the last 12 months.
Very Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
MRG-UN.TO's Dividend Payout Ratio of 19.392% is considered safe for the Real Estate sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
MRG-UN.TO's Interest Coverage Ratio of 2.53 indicates strong financial health with easy coverage of interest expenses.
Income Quality
MRG-UN.TO demonstrates poor income quality with a ratio of 0.48. This indicates low-quality earnings and high risk of dividend cuts.
MRG-UN.TO Dividend Growth
Morguard North American Residential Real Estate Investment Trust(MRG-UN.TO) offers a dividend yield of 3.92% and pays $0.73 in dividends per share. Explore the historical dividend growth of MRG-UN.TO.
Dividend Stability
MRG-UN.TO has maintained stable dividend payments over the past 10 years with no cuts over 5%.
Dividend Growth
MRG-UN.TO's dividend payments have shown very poor growth, growing by 1.731% over the last 5 years.
Earnings Growth
MRG-UN.TO's earnings have grown by 18.081% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.
MRG-UN.TO Dividend Yield Attractiveness
Morguard North American Residential Real Estate Investment Trust(MRG-UN.TO) provides a dividend yield of 3.92%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
3.80%
3.92%
3.92%
6.33%
Dividend Yield
MRG-UN.TO's dividend yield of 3.92% is considered good compared to the sector average of 6.326%, providing a strong safety margin for investors.
MRG-UN.TO Cash Flow
Over the past 12 months, MRG-UN.TO generated $345M in revenue, produced $87M in free cash flow, and distributed $27M in dividends.
Free Cash Flow Growth
MRG-UN.TO's free cash flow has decreased by -8.449% annually over the last 5 years, indicating a weak ability to generate cash and support dividend payments.
MRG-UN.TO Free Cash Flow and Dividends Paid
This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Morguard North American Residential Real Estate Investment Trust. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.