City Office REIT's last quarterly dividend was on Jan 9, 2023 (ex-date) with a distribution of $0.2 per share. On an annualized basis, the company has a current payout of $0.8 per share. This brings the dividend yield to 8.28% based on its recent close price.
City Office REIT's dividend yield of 8.28% is above the Real Estate sector, the industry and its peers average. If we compare it with its Real Estate sector average of 5.8%, City Office REIT's dividend yield is 43% higher. The historical 5-year average of CIO's dividend yield is 7.1%, which is less than the current yield.
City Office REIT has been paying dividends since 2014. CIO has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 23% since one year ago. And with the stock price down by 44% from a year ago, the dividend yield has grown by 121%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 9, 2023 | Jan 24, 2023 | Dec 15, 2022 | $0.2 | normal |
| Oct 6, 2022 | Oct 21, 2022 | Sep 15, 2022 | $0.2 | normal |
| Jul 7, 2022 | Jul 22, 2022 | Jun 16, 2022 | $0.2 | normal |
| Apr 7, 2022 | Apr 22, 2022 | Mar 15, 2022 | $0.2 | normal |
| Jan 10, 2022 | Jan 25, 2022 | $0.2 | normal | |
| Oct 7, 2021 | Oct 22, 2021 | Sep 16, 2021 | $0.15 | normal |
| Jul 8, 2021 | Jul 23, 2021 | Jun 15, 2021 | $0.15 | normal |
| Apr 8, 2021 | Apr 23, 2021 | Mar 23, 2021 | $0.15 | normal |
| Jan 8, 2021 | Jan 25, 2021 | Dec 15, 2020 | $0.15 | normal |
| Oct 7, 2020 | Oct 22, 2020 | Sep 15, 2020 | $0.15 | normal |
| Jul 9, 2020 | Jul 24, 2020 | Jun 12, 2020 | $0.15 | normal |
| Apr 8, 2020 | Apr 24, 2020 | Mar 25, 2020 | $0.15 | normal |
| Jan 9, 2020 | Jan 24, 2020 | Dec 13, 2019 | $0.235 | normal |
| Oct 10, 2019 | Oct 25, 2019 | Sep 16, 2019 | $0.235 | normal |
| Jul 10, 2019 | Jul 25, 2019 | Jun 14, 2019 | $0.235 | normal |
| Apr 10, 2019 | Apr 25, 2019 | Mar 15, 2019 | $0.235 | normal |
| Jan 10, 2019 | Jan 25, 2019 | Dec 21, 2018 | $0.235 | normal |
| Oct 10, 2018 | Oct 25, 2018 | Sep 14, 2018 | $0.235 | normal |
| Jul 10, 2018 | Jul 25, 2018 | Jun 15, 2018 | $0.235 | normal |
| Apr 10, 2018 | Apr 25, 2018 | Mar 21, 2018 | $0.235 | normal |
| Jan 10, 2018 | Jan 25, 2018 | Dec 15, 2017 | $0.235 | normal |
| Oct 10, 2017 | Oct 25, 2017 | Sep 15, 2017 | $0.235 | normal |
| Jul 7, 2017 | Jul 25, 2017 | Jun 27, 2017 | $0.235 | normal |
| Apr 7, 2017 | Apr 25, 2017 | Mar 21, 2017 | $0.235 | normal |
| Jan 11, 2017 | Jan 25, 2017 | Dec 21, 2016 | $0.235 | normal |
| Oct 6, 2016 | Oct 25, 2016 | Sep 15, 2016 | $0.235 | normal |
| Jul 5, 2016 | Jul 21, 2016 | Jun 20, 2016 | $0.235 | normal |
City Office REIT's payout ratio of 7.6% is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 102.5%, City Office REIT's payout ratio is 93% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CHMI Cherry Hill Mortgage Investment Corp | 15.43% | $1.08 | 41.2% |
| CIO City Office REIT Inc | 8.28% | $0.8 | 7.6% |
| SPG Simon Property Group Inc | 5.37% | $6.9 | 115% |
| HASI Hannon Armstrong Sustainable Infrastructure Capital Inc | 4.2% | $1.5 | 102% |
Yes, City Office REIT has been paying dividends for the last eight years.
CIO hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in April 2023.
City Office REIT's last regular dividend was on Jan 9, 2023 (ex-date) with the amount of $0.2 per share.
CIO's annualized dividend per share is $0.8.
The current dividend yield of City Office REIT is 8.28%.
City Office REIT has a quarterly dividend frequency.
City Office REIT's dividend payout ratio is 7.6%.
City Office REIT's dividend yield is more than the Real Estate sector average.