Sun Communities, Inc. (NYSE:SUI) Board Authorize 3Q20 Dividend

Sun Communities, Inc. (NYSE:SUI) declared 3Q20 dividend of $ 0.79 per share, or $ 3.16 annualized.

The dividend will be payable on October 15, 2020, to stockholders of record on September 30, 2020, with an ex-dividend date of September 29, 2020.

Dividends History
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Click Here For More Historical Dividends Of Sun Communities, Inc.

Sun Communities, Inc. recently reported second quarter financial results on July 22, 2020, after market close, real estate investment trust communicated income for the second quarter of $ 1.12 per share, from the revenue of $ 210.44 million. The quarterly earnings developed 143.48 percent while revenues down 11.86 percent compared with the same quarter last year. Wall street analysts are predicting, SUI to report 2Q20 income of $ 0.25 per share from revenue of $ 236.84 million. The bottom line results beat street analysts by $ 0.87 or 348.00 percent, at the same time, top line results fell short of analysts by $ 26.4 million or 11.15 percent.

Stock Performance

Shares of Sun Communities, Inc. traded low $ -0.10 or -0.06 percent on Monday, reaching $ 149.03 with volume of 243.80 thousand shares. The stock opened down for the day at $ 149.11, after closing the previous day trading at $ 149.12.

According to the previous trading day, closing price of $ 149.12, representing a 56.41 % increase from the 52 week low of $ 95.34 and a 14.29 % decrease over the 52 week high of $ 173.98.

The company has a market capital of $ 14.65 billion and is part of the Real Estate sector and REIT – Residential industry.

Sun Communities, Inc. is a REIT that, as of June 30, 2019, owned, operated, or had an interest in a portfolio of 382 communities comprising over 133,000 developed sites in 31 states and Ontario, Canada.

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