Sun Communities, Inc. (NYSE:SUI) to Issue $1.12 Quarterly Dividend

Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Tuesday, June 30th will be given a dividend of 1.12 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Sun Communities has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 8 years. Sun Communities has a payout ratio of 169.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Sun Communities to earn $7.13 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 62.8%.

Sun Communities Trading Down 0.5%

Shares of SUI opened at $120.60 on Thursday. Sun Communities has a 1-year low of $115.53 and a 1-year high of $137.85. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $126.46 and its 200-day moving average price is $127.43. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 3.98 and a beta of 0.79.

Sun Communities (NYSE:SUI) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.38). The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $472.40 million. Sun Communities had a return on equity of 0.16% and a net margin of 62.29%.Sun Communities’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Sun Communities has set its Q2 2026 guidance at 1.710-1.790 EPS and its FY 2026 guidance at 6.870-7.070 EPS. Sell-side analysts anticipate that Sun Communities will post 6.94 EPS for the current year.

Sun Communities Company Profile

Sun Communities, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of manufactured housing communities, recreational vehicle (RV) resorts and marinas. The company’s portfolio spans more than 500 manufactured housing communities and over 160 RV resorts, offering affordable, long-term housing as well as short-stay recreational lodging. Through professional on-site management and amenity-rich community designs, Sun Communities serves a diverse customer base that includes retirees, workforce families and vacationers.

Founded in 1975 and headquartered in Southfield, Michigan, Sun Communities has grown organically and through strategic acquisitions to become one of the largest operators in its sector.