Today, July 17, 2023, Sun Communities SUI will distribute a dividend payout of $0.93 per share, highlighting an annualized dividend yield of 2.85%. Shareholders who owned the stock before the ex-dividend date on June 29, 2023 will be eligible for this payout.
Sun Communities Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-06-29 | 4 | $0.93 | 2.85% | 2023-06-06 | 2023-06-30 | 2023-07-17 |
| 2023-03-30 | 4 | $0.93 | 2.62% | 2023-03-03 | 2023-03-31 | 2023-04-17 |
| 2022-12-29 | 4 | $0.88 | 2.4% | 2022-12-01 | 2022-12-30 | 2023-01-17 |
| 2022-09-29 | 4 | $0.88 | 2.29% | 2022-09-01 | 2022-09-30 | 2022-10-14 |
| 2022-06-29 | 4 | $0.88 | 2.14% | 2022-06-01 | 2022-06-30 | 2022-07-15 |
| 2022-03-30 | 4 | $0.88 | 1.99% | 2022-03-08 | 2022-03-31 | 2022-04-15 |
| 2021-12-30 | 4 | $0.83 | 1.76% | 2021-12-01 | 2021-12-31 | 2022-01-18 |
| 2021-09-29 | 4 | $0.83 | 1.65% | 2021-09-01 | 2021-09-30 | 2021-10-15 |
| 2021-06-29 | 4 | $0.83 | 1.98% | 2021-06-01 | 2021-06-30 | 2021-07-15 |
| 2021-03-30 | 4 | $0.83 | 2.34% | 2021-03-05 | 2021-03-31 | 2021-04-15 |
| 2020-12-30 | 4 | $0.79 | 2.27% | 2020-12-01 | 2020-12-31 | 2021-01-15 |
| 2020-09-29 | 4 | $0.79 | 2.12% | 2020-08-31 | 2020-09-30 | 2020-10-15 |
Analyzing Sun Communities Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $3.00 in 2019 to $3.52 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Sun Communities
From 2019 to 2022, Sun Communities has demonstrated an upward trend in earnings, with earnings per share rising from $4.85 to $7.32. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we delve into Sun Communities's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.93 per share today, resulting in an annualized dividend yield of 2.85%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Sun Communities demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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