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Primaris REIT (TSX:PMZ.UN) Dividend Yield % : 6.17% (As of May. 08, 2024)


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What is Primaris REIT Dividend Yield %?

As of today (2024-05-08), the Trailing Annual Dividend Yield of Primaris REIT is 6.17%.

Good Sign:

Primaris REIT stock dividend yield is close to 3-year high.

The historical rank and industry rank for Primaris REIT's Dividend Yield % or its related term are showing as below:

TSX:PMZ.UN' s Dividend Yield % Range Over the Past 10 Years
Min: 1.31   Med: 5.9   Max: 6.61
Current: 6.17

During the past 13 years, the highest Dividend Yield of Primaris REIT was 6.61%. The lowest was 1.31%. And the median was 5.90%.

TSX:PMZ.UN's Dividend Yield % is ranked worse than
59.71% of 834 companies
in the REITs industry
Industry Median: 6.99 vs TSX:PMZ.UN: 6.17

Primaris REIT's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.79.

During the past 13 years, the highest Dividend Payout Ratio of Primaris REIT was 0.62. The lowest was 0.51. And the median was 0.56.

As of today (2024-05-08), the Forward Dividend Yield % of Primaris REIT is 6.25%.

Primaris REIT's Dividends per Share for the three months ended in Dec. 2023 was C$0.21.

During the past 12 months, Primaris REIT's average Dividends Per Share Growth Rate was 2.40% per year.

The growth rate is calculated with least square regression.

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


Primaris REIT Dividend Yield % Historical Data

The historical data trend for Primaris REIT's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Primaris REIT Dividend Yield % Chart

Primaris REIT Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 5.49 5.95

Primaris REIT Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.49 5.97 6.03 6.05 5.95

Competitive Comparison of Primaris REIT's Dividend Yield %

For the REIT - Retail subindustry, Primaris REIT's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.


Primaris REIT's Dividend Yield % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Primaris REIT's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Primaris REIT's Dividend Yield % falls into.



Primaris REIT Dividend Yield % Calculation

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

Primaris REIT Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.0700002024-04-292024-04-302024-05-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0700002024-03-272024-03-282024-04-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0700002024-02-282024-02-292024-03-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0700002024-01-302024-01-312024-02-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0700002023-12-282023-12-292024-01-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-11-292023-11-302023-12-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-10-302023-10-312023-11-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-09-282023-09-292023-10-16Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-08-302023-08-312023-09-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-07-282023-07-312023-08-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-06-292023-06-302023-07-17Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0683002023-05-302023-05-312023-06-15Cash DividendmonthlyCAD:CAD 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.

Primaris REIT's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.8281/13.71
=6.04 %

Current Share Price is C$13.71.
Primaris REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.8281.

Primaris REIT's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.84/13.71
=6.13 %

Current Share Price is C$13.71.
Primaris REIT's Dividends per Share for the forward twelve months is calculated as C$0.07 * 12 = C$0.84.

* 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.


Primaris REIT  (TSX:PMZ.UN) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Primaris REIT Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Primaris REIT's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Primaris REIT (TSX:PMZ.UN) Business Description

Traded in Other Exchanges
Address
26 Wellington Street East, Suite 400, Toronto, ON, CAN, M5E 1S2
Primaris REIT is an unincorporated, open-ended real estate investment trust that comprises ownership, management, and development of investment properties located across Canada. Its property portfolio includes; Dufferin Mall, Stone Road Mall, Orchard Park, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.

Primaris REIT (TSX:PMZ.UN) Headlines

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