Sun Communities stock dividend – Sun Communities Declares 0.93 Cash Dividend
June 18, 2023
🌥️Dividends Yield
On June 8 2023, Sun Communities ($NYSE:SUI) Inc. declared a 0.93 Cash Dividend for its shareholders. This dividend stock is a great addition for anyone looking for reliable dividend income. Over the past three years, SUN COMMUNITIES has issued an annual dividend of 3.57, 3.52, and 3.32 USD, respectively. This has resulted in an average dividend yield of 2.14%. In 2021, the dividend yield was 2.34%, and in 2022 and 2023 it was 2.19% and 1.89%, respectively.
The ex-dividend date of the 2023 dividend is set for June 29 2023. For those interested in investing in dividend stocks, SUN COMMUNITIES is a great option to consider due to its steady returns and dividends paid out each year. By investing in SUN COMMUNITIES, investors can expect to receive a reliable source of income for years to come.
Price History
This announcement caused their stock to open at $130.6 and close at $131.2. Sun Communities Inc. is committed to providing long-term value to its shareholders and will continue to explore strategic opportunities for growth and returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sun Communities. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 211.2 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sun Communities. More…
| Operations | Investing | Financing |
| 734.9 | -3.06k | 2.35k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sun Communities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.36k | 9.29k | 61.84 |
Key Ratios Snapshot
Some of the financial key ratios for Sun Communities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 18.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of SUN COMMUNITIES‘ wellbeing, and based on Star Chart classification of ‘cow’, we conclude that it is a company with a track record of paying out consistent and sustainable dividends. As such, this company may be of particular interest to investors seeking out reliable returns, such as pension funds and insurance companies. SUN COMMUNITIES has also been given a high health score of 7/10, which indicates its ability to sustain future operations in times of crisis due to healthy cashflows and debt levels. Furthermore, the company is strong in asset, dividend, growth and profitability; all of which make for a well-rounded investment opportunity. More…
Peers
The competition between Sun Communities Inc and its competitors American Homes 4 Rent, American Campus Communities Inc, Canadian Apartment Properties Real Estate Investment Trust is fierce. All four companies are vying for the top spot in the market and are constantly innovating and improving their offerings to attract and retain customers. While Sun Communities Inc may have the edge in terms of size and scale, its competitors are not far behind and are constantly challenging it.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a real estate investment trust that focuses on acquiring, renovating, and leasing single-family homes as rental properties. The company was founded in 2012 and is based in Agoura Hills, California. As of December 31, 2020, American Homes 4 Rent owned 53,949 single-family homes in 26 states.
– American Campus Communities Inc ($TSX:CAR.UN)
Canadian Apartment Properties Real Estate Investment Trust is a real estate investment trust that owns, operates and invests in apartment buildings in Canada. The company has a market cap of $6.83 billion as of 2022.
Summary
SUN COMMUNITIES, Inc. is an attractive option for dividend investors as it has a consistent track record of issuing annual dividends per share over the past 3 years. The average yield sits at 2.14%, making this an attractive long-term dividend play. Fundamental and technical analysis can be used to determine if the stock is a good fit for an individual’s portfolio.
Fundamental analysis looks at the company’s financials, such as revenue, earnings, and dividend payments, while technical analysis focuses on price and trading data, such as chart patterns and volume. Both of these approaches should be used in combination when considering investing in SUN COMMUNITIES.
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