Global Medical REIT (GMRE) Declares $0.21 Dividend
Nasdaq Global Medical REIT said on June 9, 2023 that its board of directors declared a regular quarterly dividend of $0.21 per share ($0.84 annualized). Previously, the company paid $0.21 per share.
Shares must be purchased before the ex-div date of June 22, 2023 to qualify for the dividend. Shareholders of record as of June 23, 2023 will receive the payment on July 11, 2023.
At the current share price of $9.24 / share, the stock's dividend yield is 9.09%.
Looking back five years and taking a sample every week, the average dividend yield has been 7.07%, the lowest has been 4.58%, and the highest has been 11.57%. The standard deviation of yields is 1.50 (n=236).
The current dividend yield is 1.35 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 3.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.