Sun Communities, a residential REIT, will pay a regular quarterly dividend of $0.630 on Jan 22nd to holders as of Wednesday, January 9. That’s 3.2% of the share price of $19.520, or a 13% annual yield. Dividend is flat over last two quarters… quite an achievement for a real-estate company those days. Their strategy of converting the renters at its communities to buyers upon the completion of the leases is cushioning SUI from the housing slowdown.

SUI quote

This entry was posted on Wednesday, January 2nd, 2008 at 8:49 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.