How Much Would It Take To Earn $100 A Month From Sun Communities

Sun Communities SUI is a fully integrated REIT, which as of Dec. 31, 2023, owned, operated or had an interest in a portfolio of 667 developed MH, RV and Marina properties comprising 179,310 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.

The 52-week range of Sun Communities stock price was $110.98 to $147.83.

Sun Communities’ dividend yield is 3%. During the last 12 months, it paid $3.76 per share in dividends.

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The Latest On Sun Communities

On Nov. 6, the company announced its Q3 2024 earnings, posting a core FFO of $2.34 compared to the consensus estimate of $2.51 and revenues of $939.90 million compared to the consensus of $980.41 million, as reported by Benzinga.

“Year-to-date we have achieved solid growth across our MH, annual RV, marina and UK segments while continuing to see the volatility in the transient components of our business. Additionally, our third-quarter performance reflects the impact of cost pressures which resulted in earnings and revised full-year guidance that were below our expectations and we are not satisfied with our results,” said Gary A. Shiffman, Chairman and CEO.

Check out this article by Benzinga for ten analysts' insights on Sun Communities stock.

Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here’s how you can earn passive income with just $100.

How Can You Earn $100 Per Month As A Sun Communities Investor?

If you want to make $100 per month –$1,200 annually – from Sun Communities dividends, your investment value needs to be approximately $40,000, which is around 319 shares at $125.32 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3% in this case). So, $1,200 / 0.03 = $40,000 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as stock prices and dividend payments fluctuate.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Sun Communities stock an attractive option for making a steady income of $100 per month by owning 319 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Sun Communities has raised its dividend consecutively for the last seven years. 

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