The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. In March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. The Company has over 4,500 new rental homes in its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.
PRS REIT Dividend Announcement
• PRS REIT announced a quarterly dividend of £1.00 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-14
• PRS REIT annual dividend for 2024 was £4.00
• PRS REIT annual dividend for 2023 was £4.00
• PRS REIT's trailing twelve-month (TTM) dividend yield is 3.75%
• PRS REIT's payout ratio for the trailing twelve months (TTM) is 23.45%
• PRS REIT's dividend growth over the last five years (2018-2023) was -7.79% year
PRS REIT Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | £1.00 | quarterly | 2024-11-29 |
2024-08-08 | £1.00 | quarterly | 2024-08-30 |
2024-05-09 | £1.00 | quarterly | 2024-05-31 |
2024-02-15 | £1.00 | quarterly | 2024-03-08 |
2023-11-09 | £1.00 | quarterly | 2023-12-01 |
2023-08-10 | £1.00 | quarterly | 2023-09-01 |
2023-05-04 | £1.00 | quarterly | 2023-05-26 |
2023-02-16 | £1.00 | quarterly | 2023-03-03 |
2022-11-10 | £1.00 | quarterly | 2022-11-30 |
2022-08-04 | £1.00 | quarterly | 2022-08-26 |
2022-04-21 | £1.00 | quarterly | 2022-05-13 |
2022-01-27 | £1.00 | quarterly | 2022-02-11 |
2021-11-18 | £1.00 | quarterly | 2021-12-03 |
2021-08-12 | £1.00 | quarterly | 2021-09-03 |
2021-05-20 | £1.00 | quarterly | 2021-06-18 |
2021-02-18 | £1.00 | quarterly | 2021-03-08 |
2020-11-19 | £1.00 | quarterly | 2020-12-11 |
2020-08-20 | £1.00 | quarterly | 2020-09-18 |
2020-06-25 | £1.00 | quarterly | 2020-07-17 |
2020-02-06 | £1.00 | quarterly | 2020-02-28 |
2019-11-14 | £1.00 | quarterly | 2019-11-29 |
2019-08-08 | £2.00 | quarterly | 2019-08-30 |
2019-05-09 | £1.00 | quarterly | 2019-05-31 |
2019-02-07 | £1.00 | quarterly | 2019-02-28 |
2018-11-08 | £1.00 | quarterly | 2018-11-30 |
2018-08-09 | £2.50 | quarterly | 2018-08-31 |
2018-05-10 | £1.00 | quarterly | 2018-05-31 |
2018-02-15 | £1.50 | quarterly | 2018-03-16 |
PRS REIT Dividend per year
PRS REIT Dividend growth
PRS REIT Dividend Yield
PRS REIT current trailing twelve-month (TTM) dividend yield is 3.75%. Interested in purchasing PRS REIT stock? Use our calculator to estimate your expected dividend yield:
PRS REIT Financial Ratios
PRS REIT Dividend FAQ
Other factors to consider when evaluating PRS REIT as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: PRS REIT's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PRS REIT publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PRS REIT distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PRS REIT are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: PRS REIT sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PRS REIT distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PRS REIT declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of PRS REIT's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PRS REIT's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.