Sun Communities's last quarterly dividend payment of $0.93 per share was made to shareholders on record before Sep 28, 2023. The dividend payment stands at $3.67 per share annually, which equates to a dividend yield of 3.1%.
SUI has a dividend yield of 3.1% which is below the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 7%, Sun Communities's dividend yield is 56% lower. Historically SUI's dividend yield has averaged at 2.3% in the last 5 years, which is below the current yield.
Sun Communities has been paying dividends for the last 29 years. According to our records SUI has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 6% since one year ago. And with the stock price down by 13% from a year ago, the dividend yield marks an increase of 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 28, 2023 | Oct 16, 2023 | Aug 17, 2023 | $0.93 | normal |
| Jun 29, 2023 | Jul 17, 2023 | Jun 6, 2023 | $0.93 | normal |
| Mar 30, 2023 | Apr 17, 2023 | Mar 3, 2023 | $0.93 | normal |
| Dec 29, 2022 | Jan 17, 2023 | Dec 1, 2022 | $0.88 | normal |
| Sep 29, 2022 | Oct 14, 2022 | Sep 1, 2022 | $0.88 | normal |
| Jun 29, 2022 | Jul 15, 2022 | Jun 1, 2022 | $0.88 | normal |
| Mar 30, 2022 | Apr 15, 2022 | Mar 8, 2022 | $0.88 | normal |
| Dec 30, 2021 | Jan 18, 2022 | Dec 1, 2021 | $0.83 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Sep 1, 2021 | $0.83 | normal |
| Jun 29, 2021 | Jul 15, 2021 | Jun 1, 2021 | $0.83 | normal |
| Mar 30, 2021 | Apr 15, 2021 | Mar 5, 2021 | $0.83 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Dec 1, 2020 | $0.79 | normal |
| Sep 29, 2020 | Oct 15, 2020 | Aug 31, 2020 | $0.79 | normal |
| Jun 29, 2020 | Jul 15, 2020 | Jun 1, 2020 | $0.79 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Mar 6, 2020 | $0.79 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Nov 27, 2019 | $0.75 | normal |
| Sep 27, 2019 | Oct 15, 2019 | Aug 28, 2019 | $0.75 | normal |
| Jun 27, 2019 | Jul 15, 2019 | May 28, 2019 | $0.75 | normal |
| Mar 28, 2019 | Apr 15, 2019 | Mar 6, 2019 | $0.75 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Nov 27, 2018 | $0.71 | normal |
| Sep 27, 2018 | Oct 15, 2018 | Aug 28, 2018 | $0.71 | normal |
| Jun 28, 2018 | Jul 16, 2018 | May 22, 2018 | $0.71 | normal |
| Mar 28, 2018 | Apr 16, 2018 | Mar 6, 2018 | $0.71 | normal |
| Dec 28, 2017 | Jan 16, 2018 | Dec 11, 2017 | $0.67 | normal |
| Sep 28, 2017 | Oct 16, 2017 | Sep 5, 2017 | $0.67 | normal |
| Jun 28, 2017 | Jul 17, 2017 | May 22, 2017 | $0.67 | normal |
| Mar 29, 2017 | Apr 17, 2017 | Mar 3, 2017 | $0.67 | normal |
| Dec 28, 2016 | Jan 20, 2017 | Dec 6, 2016 | $0.65 | normal |
| Sep 28, 2016 | Oct 17, 2016 | Sep 6, 2016 | $0.65 | normal |
| Jun 28, 2016 | Jul 15, 2016 | Jun 7, 2016 | $0.65 | normal |
| Mar 29, 2016 | Apr 15, 2016 | Mar 8, 2016 | $0.65 | normal |
| Dec 29, 2015 | Jan 15, 2016 | Dec 7, 2015 | $0.65 | normal |
SUI has a payout ratio of 201.6% which is higher than the Real Estate sector, the industry and its peers average. In comparison with the Real Estate sector average of 128.6%, Sun Communities's payout ratio is 57% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| STAG STAG Industrial Inc | 4.33% | $1.47 | 134.7% |
| MAA Mid America Apartment Communities Inc | 4.14% | $5.26 | 102.8% |
| SUI Sun Communities Inc | 3.21% | $3.67 | 201.6% |
| REXR Rexford Industrial Realty Inc | 2.99% | $1.46 | 147% |
| TRNO Terreno Realty Corp | 2.96% | $1.65 | 89.7% |
Yes, Sun Communities has been paying dividends for the last 29 years.
SUI 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 December 2023.
Sun Communities's last regular dividend was on Sep 28, 2023 (ex-date) with the amount of $0.93 per share.
SUI's annualized dividend per share is $3.67.
The current dividend yield of Sun Communities is 3.1%.
Sun Communities pays dividends quarterly.
Sun Communities's dividend payout ratio is 201.6%.
Sun Communities's dividend yield is below the Real Estate sector average.