By the end of today, January 09, 2024, Global Medical REIT GMRE is set to deliver a dividend payout of $0.21 per share, equating to an annualized dividend yield of 8.06%. The company's dividend payout went ex-dividend on December 26, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Global Medical REIT Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-26 | 4 | $0.21 | 8.06% | 2023-12-12 | 2023-12-27 | 2024-01-09 |
| 2023-09-21 | 4 | $0.21 | 8.91% | 2023-09-08 | 2023-09-22 | 2023-10-10 |
| 2023-06-22 | 4 | $0.21 | 9.08% | 2023-06-09 | 2023-06-23 | 2023-07-11 |
| 2023-03-23 | 4 | $0.21 | 8.7% | 2023-03-10 | 2023-03-24 | 2023-04-11 |
| 2022-12-21 | 4 | $0.21 | 8.55% | 2022-12-07 | 2022-12-22 | 2023-01-09 |
| 2022-09-22 | 4 | $0.21 | 7.8% | 2022-09-09 | 2022-09-23 | 2022-10-11 |
| 2022-06-23 | 4 | $0.21 | 6.7% | 2022-06-10 | 2022-06-24 | 2022-07-08 |
| 2022-03-24 | 4 | $0.21 | 5.41% | 2022-03-11 | 2022-03-25 | 2022-04-08 |
| 2021-12-23 | 4 | $0.2 | 4.9% | 2021-12-10 | 2021-12-27 | 2022-01-10 |
| 2021-09-23 | 4 | $0.2 | 5.24% | 2021-09-10 | 2021-09-24 | 2021-10-08 |
| 2021-06-23 | 4 | $0.2 | 5.2% | 2021-06-10 | 2021-06-24 | 2021-07-08 |
| 2021-03-23 | 4 | $0.2 | 6.07% | 2021-03-02 | 2021-03-24 | 2021-04-08 |
Global Medical REIT's dividend yield falls in the middle range when compared to its industry peers, with Medical Properties Trust MPW having the highest annualized dividend yield at 25.96%.
Analyzing Global Medical REIT Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.80 to $0.84. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Global Medical REIT
Investors can observe a growth in earnings for Global Medical REIT from 2020 to 2023, as earnings per share increased from $0.83 to $0.93. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Global Medical REIT and its implications for shareholders. Presently, the company is distributing a dividend of $0.21 per share, leading to an annualized dividend yield of 8.06%.
Global Medical REIT's dividend yield falls in the middle range when compared to its industry peers, with Medical Properties Trust having the highest annualized dividend yield at 25.96%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Global Medical REIT indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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