Why Dividend Hunters Love Northview Apartment Real Estate Investment Trust (TSE:NVU.UN)

Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) has pleased shareholders over the past 10 years, paying out an average dividend of 7.00% annually. The company is currently worth CA$1.56B, and now yields roughly 6.03%. Let’s dig deeper into whether Northview Apartment Real Estate Investment Trust should have a place in your portfolio. Check out our latest analysis for Northview Apartment Real Estate Investment Trust

5 questions I ask before picking a dividend stock

If you are a dividend investor, you should always assess these five key metrics:

• Is it the top 25% annual dividend yield payer?

• Does it consistently pay out dividends without missing a payment or significantly cutting payout?

• Has it increased its dividend per share amount over the past?

• Can it afford to pay the current rate of dividends from its earnings?

• Will it have the ability to keep paying its dividends going forward?

TSX:NVU.UN Historical Dividend Yield May 24th 18

How does Northview Apartment Real Estate Investment Trust fare?

Northview Apartment Real Estate Investment Trust has a trailing twelve-month payout ratio of 35.35%, which is rather low compared to other REITs. Generally, REITs are expected to pay out the majority of its earnings to provide a regular income stream for their investors. Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward. If there is one thing that you want to be reliable in your life, it’s dividend stocks and their constant income stream. In the case of NVU.UN it has increased its DPS from CA$1.48 to CA$1.63 in the past 10 years. During this period it has not missed a payment, as one would expect for a company increasing its dividend. This is an impressive feat, which makes NVU.UN a true dividend rockstar. Relative to peers, Northview Apartment Real Estate Investment Trust generates a yield of 6.03%, which is high for REITs stocks.

Next Steps:

Keeping in mind the dividend characteristics above, Northview Apartment Real Estate Investment Trust is definitely worth considering for investors looking to build a dedicated income portfolio. Given that this is purely a dividend analysis, I urge potential investors to try and get a good understanding of the underlying business and its fundamentals before deciding on an investment. There are three important factors you should further examine:

1. Future Outlook: What are well-informed industry analysts predicting for NVU.UN’s future growth? Take a look at our free research report of analyst consensus for NVU.UN’s outlook.

2. Valuation: What is NVU.UN worth today? Even if the stock is a cash cow, it’s not worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether NVU.UN is currently mispriced by the market.

3. Other Dividend Rockstars: Are there better dividend payers with stronger fundamentals out there? Check out our free list of these great stocks here.

To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.