The American real estate group Sun Communities Inc. (ISIN: US8666741041, NYSE: SUI) is paying a quarterly dividend of $0.93 per share. The dividend for the fourth quarter of 2023 will be paid on January 16, 2024 (record date: December 29, 2023).
Annualized, the payout is $3.72. At the current stock market price of $132.61 (as of December 4, 2023), the current dividend yield is 2.81 percent. In March 2023, the dividend was increased by 5.7 percent.
Sun Communities is a real estate investment trust (REIT) founded in 1975. In 1993 the company went public. The company’s headquarters are in Southfield, Michigan. As of September 30, 2023, the group held shares in 670 properties in the USA, Canada and Great Britain. In the third quarter (September 30) of fiscal year 2023, revenue was $983.2 million (previous year: $932.6 million), as reported on October 25, 2023. The bottom line was a profit of $163.1 million after a profit of $162.6 million in the previous year. Core FFO per share was $2.57 (previous year: $2.65).
The value on Wall Street has been in the red at 7.27 percent since the beginning of 2023 (as of December 4, 2023). The market capitalization is currently $16.51 billion.
Editorial team MyDividends.de
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