Sun Communities, Inc. (NYSE:SUI) will begin trading ex-dividend on September 29, 2020. The 3Q20 dividend payment of $ 0.79 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 2.21 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Sun Communities, Inc. recently reported second quarter financial results on July 22, 2020, after market close, real estate investment trust outlined income for the second quarter of $ 1.12 per share, from the revenue of $ 210.44 million. The quarterly earnings gained 143.48 percent while revenues declined 11.86 percent compared with the same quarter last year.
According to street consensus, SUI was expected 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 up $ 4.45 or 3.22 percent on Friday, reaching $ 142.76 with volume of 378.40 thousand shares. Sun Communities, Inc. has traded high as $ 142.96 and has cracked $ 137.28 on the downward trend
According to the previous trading day, closing price of $ 142.76, representing a 45.07 % increase from the 52 week low of $ 95.34 and a 20.5 % decrease over the 52 week high of $ 173.98.
The company has a market capital of $ 14.03 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.
