Sun Communities hikes dividend by 5.3%
Sun Communities (SUI) will raise its quarterly dividend by 5.3 percent to $0.79 per share in 2020. The real estate investment trust (REIT) that owns and operates or has an interest in manufactured housing and recreational vehicle communities hiked its dividend by 5.6 percent last year.
The next distribution is payable April 15, 2020 to shareholders of record on March 31, 2020. A new annual rate of $3.16 per share yields 1.9% at a stock price of $169.54.
Sun Communities, Inc. is a real estate investment trust that owns and operates or has an interest in manufactured housing and recreational vehicle communities. It has regional property management offices located in Austin, Texas; Dayton, Ohio; Grand Rapids, Michigan; Traverse City, Michigan; Ft. Myers, Florida, and Orlando, Florida. Established in 1975, Sun Communities became a publicly owned corporation in December, 1993. Distributions have traditionally been paid in January, April, July and October. SUI currently does not have a dividend reinvestment plan (the DRIP was terminated effective February 4, 2008).
The next distribution is payable April 15, 2020 to shareholders of record on March 31, 2020. A new annual rate of $3.16 per share yields 1.9% at a stock price of $169.54.
Sun Communities, Inc. is a real estate investment trust that owns and operates or has an interest in manufactured housing and recreational vehicle communities. It has regional property management offices located in Austin, Texas; Dayton, Ohio; Grand Rapids, Michigan; Traverse City, Michigan; Ft. Myers, Florida, and Orlando, Florida. Established in 1975, Sun Communities became a publicly owned corporation in December, 1993. Distributions have traditionally been paid in January, April, July and October. SUI currently does not have a dividend reinvestment plan (the DRIP was terminated effective February 4, 2008).