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Heriot REIT (JSE:HET) 3-Year Dividend Growth Rate : 8.10% (As of Dec. 2023)


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What is Heriot REIT 3-Year Dividend Growth Rate?

Heriot REIT's Dividends per Share for the six months ended in Dec. 2023 was R0.54.

The historical rank and industry rank for Heriot REIT's 3-Year Dividend Growth Rate or its related term are showing as below:

JSE:HET' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.1   Med: 6.6   Max: 8.1
Current: 8.1

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of Heriot REIT was 8.10% per year. The lowest was 5.10% per year. And the median was 6.60% per year.

JSE:HET's 3-Year Dividend Growth Rate is not ranked
in the REITs industry.
Industry Median: 2.4 vs JSE:HET: 8.10

During the past 12 months, Heriot REIT's average Dividends Per Share Growth Rate was 4.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.10% 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.

Heriot REIT's Dividend Payout Ratio for the six months ended in Dec. 2023 was 1.06. As of today, Heriot REIT's Dividend Yield % is 0.00%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Heriot REIT's 3-Year Dividend Growth Rate

For the REIT - Diversified subindustry, Heriot 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.


Heriot REIT's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Heriot REIT's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Heriot REIT's 3-Year Dividend Growth Rate falls into.



Heriot 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.


Heriot REIT  (JSE:HET) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Heriot REIT's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.543/ 0.511
=1.06

During the past 6 years, the highest Dividend Payout Ratio of Heriot REIT was 2.23. The lowest was 0.38. And the median was 0.76.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Heriot REIT Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
ZAR 0.4987202024-04-172024-04-192024-04-22Cash Dividendsemi-annuallyZAR:ZAR 1.000000
ZAR 0.5428912023-10-182023-10-202023-10-23Cash Dividendsemi-annuallyZAR:ZAR 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.

Heriot REIT's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.041611/13.50
=7.72 %

Current Share Price is R13.50.
Heriot REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is R1.041611.

During the past 6 years, the highest Dividend Yield of Heriot REIT was 9.02%. The lowest was 0.00%. And the median was 7.61%.

* 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.


Heriot REIT 3-Year Dividend Growth Rate Related Terms>


Heriot REIT (JSE:HET) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196
Heriot REIT Ltd is a South African real estate investment trust. The company owns a portfolio of retail, industrial, office, specialized, residential properties, and others. While the majority of the revenue is earned from Industrial properties. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams.

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