Sun Communities Inc. Plans Quarterly Dividend of $0.65 (SUI)
Sun Communities (NYSE:SUI) announced a quarterly dividend on Wednesday, June 18th, AnalystRatings.Net reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.65 per share on Friday, July 18th. This represents a $2.60 annualized dividend and a dividend yield of 5.23%.
Shares of Sun Communities (NYSE:SUI) opened at 49.71 on Wednesday. Sun Communities has a 52 week low of $39.53 and a 52 week high of $53.35. The stock’s 50-day moving average is $47.89 and its 200-day moving average is $45.14. The company has a market cap of $2.008 billion and a price-to-earnings ratio of 141.60.
Sun Communities (NYSE:SUI) last released its earnings data on Wednesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.06. The company had revenue of $111.18 million for the quarter, compared to the consensus estimate of $110.28 million. During the same quarter last year, the company posted $0.93 earnings per share. Sun Communities’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Sun Communities will post $3.39 EPS for the current fiscal year.
Sun Communities, Inc is a self-administered and self-managed real estate investment trust (NYSE:SUI).
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