Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups. With a fully integrated asset management platform, and $24 billion in retail assets under management across 63 shopping centres, it is the second largest listed manager of Australian retail property. Vicinity has a Direct Portfolio with interests in 60 shopping centres (including the DFO Brisbane business) and manages 31 assets on behalf of Strategic Partners, 28 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code VCX' and has over 28,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code VCD'.
Vicinity Centres Dividend Announcement
• Vicinity Centres announced a semi annually dividend of A$0.06 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-23
• Vicinity Centres annual dividend for 2024 was A$0.12
• Vicinity Centres annual dividend for 2023 was A$0.12
• Vicinity Centres's trailing twelve-month (TTM) dividend yield is 5.32%
• Vicinity Centres's payout ratio for the trailing twelve months (TTM) is 100.68%
• Vicinity Centres's dividend growth over the last five years (2018-2023) was -5.77% year
• Vicinity Centres's dividend growth over the last ten years (2013-2023) was -2.21% year
Vicinity Centres Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | A$0.06 | semi annually | 2024-09-16 |
2024-02-19 | A$0.06 | semi annually | 2024-03-07 |
2023-08-21 | A$0.06 | semi annually | 2023-09-11 |
2023-02-19 | A$0.06 | semi annually | 2023-03-07 |
2022-08-22 | A$0.06 | semi annually | 2022-09-12 |
2022-02-20 | A$0.05 | semi annually | 2022-03-08 |
2021-06-29 | A$0.07 | semi annually | 2021-08-31 |
2020-12-29 | A$0.03 | semi annually | 2021-03-02 |
2019-12-29 | A$0.08 | semi annually | 2020-03-02 |
2019-06-27 | A$0.08 | semi annually | 2019-08-28 |
2018-12-27 | A$0.08 | semi annually | 2019-03-04 |
2018-06-28 | A$0.08 | semi annually | 2018-08-29 |
2017-12-27 | A$0.08 | semi annually | 2018-02-28 |
2017-06-29 | A$0.09 | semi annually | 2017-08-30 |
2016-12-28 | A$0.09 | semi annually | 2017-03-02 |
2016-06-29 | A$0.09 | semi annually | 2016-08-30 |
2015-12-28 | A$0.09 | semi annually | 2016-03-02 |
2015-06-26 | A$0.09 | semi annually | 2015-08-27 |
2014-12-28 | A$0.08 | semi annually | 2015-02-25 |
2014-08-27 | A$0.00 | semi annually | 2014-09-19 |
2014-06-26 | A$0.08 | semi annually | 2014-08-29 |
2013-12-22 | A$0.07 | semi annually | 2014-02-28 |
2013-06-24 | A$0.07 | semi annually | 2013-08-28 |
Vicinity Centres Dividend per year
Vicinity Centres Dividend growth
Vicinity Centres Dividend Yield
Vicinity Centres current trailing twelve-month (TTM) dividend yield is 5.32%. Interested in purchasing Vicinity Centres stock? Use our calculator to estimate your expected dividend yield:
Vicinity Centres Financial Ratios
Vicinity Centres Dividend FAQ
Other factors to consider when evaluating Vicinity Centres 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: Vicinity Centres'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, Vicinity Centres 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, Vicinity Centres 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 Vicinity Centres 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: Vicinity Centres 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, Vicinity Centres distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Vicinity Centres 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 Vicinity Centres'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 Vicinity Centres'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.