The historical rank and industry rank for Global Medical REIT's 3-Year Dividend Growth Rate or its related term are showing as below:
GMRE'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -7.8 Med: 1.6 Max: 111.1
Current: 1.6
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Global Medical REIT was 111.10% per year. The lowest was -7.80% per year. And the median was 1.60% per year.
GMRE's 3-Year Dividend Growth Rate is ranked worse than 53.49% of 501
companies
in the REITs industry
Industry Median: 2.4
vs GMRE: 1.60
During the past 3 years, the average Dividends Per Share Growth Rate was 1.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 1.20% 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.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Global Medical REIT Inc is 14.48, which seems too high.
Good Sign:
Global Medical REIT Inc stock dividend yield is close to 1-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Global Medical REIT's 3-Year Dividend Growth Rate
For the REIT - Healthcare Facilities subindustry, Global Medical REIT'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.
Global Medical REIT's 3-Year Dividend Growth Rate Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Global Medical REIT's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Global Medical REIT's 3-Year Dividend Growth Rate falls into.
Global Medical REIT 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.
Global Medical REIT (NYSE:GMRE) 3-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Global Medical REIT's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Global Medical REIT was 20.51. The lowest was 4.58. And the median was 7.48.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Global Medical REIT Inc is 14.48, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Global Medical REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.210000
2024-03-21
2024-03-22
2024-04-09
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.210000
2023-12-26
2023-12-27
2024-01-09
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.210000
2023-09-21
2023-09-22
2023-10-10
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.210000
2023-06-22
2023-06-23
2023-07-11
Cash Dividend
quarterly
USD:USD 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.
Global Medical REIT's Dividend Yield (%) for Today is calculated as
Current Share Price is $8.89.
Global Medical REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.84.
During the past 13 years, the highest Dividend Yield of Global Medical REIT was 28.60%. The lowest was 4.60%. And the median was 8.30%.
Good Sign:
Global Medical REIT Inc stock dividend yield is close to 1-year high.
* 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.
Global Medical REIT 3-Year Dividend Growth Rate Related Terms>
Global Medical REIT (Global Medical REIT) Business Description
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.
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