Why NYSE:SITC qualifies as a good dividend investing stock.

Consider SITE CENTERS CORP (NYSE:SITC) as a top pick for dividend investors, identified by our stock screening tool. NYSE:SITC shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

How We Gauge Dividend for NYSE:SITC

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:SITC has been assigned a 7 for dividend:

• With a Yearly Dividend Yield of 13.20%, SITC is a good candidate for dividend investing.
• Compared to an average industry Dividend Yield of 6.55, SITC pays a better dividend. On top of this SITC pays more dividend than 96.06% of the companies listed in the same industry.
• SITC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
• On average, the dividend of SITC grows each year by 8.32%, which is quite nice.
• SITC has been paying a dividend for at least 10 years, so it has a reliable track record.
• SITC pays out 22.20% of its income as dividend. This is a sustainable payout ratio.

Assessing Health Metrics for NYSE:SITC

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:SITC was assigned a score of 6 for health:

• SITC has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
• SITC has a better Debt to Equity ratio (0.11) than 99.21% of its industry peers.
• SITC has a Current Ratio of 6.32. This indicates that SITC is financially healthy and has no problem in meeting its short term obligations.
• SITC has a better Current ratio (6.32) than 95.28% of its industry peers.
• A Quick Ratio of 6.32 indicates that SITC has no problem at all paying its short term obligations.
• SITC has a better Quick ratio (6.32) than 95.28% of its industry peers.

Assessing Profitability for NYSE:SITC

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:SITC, the assigned 7 is a significant indicator of profitability:

• With an excellent Return On Assets value of 22.20%, SITC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
• SITC's Return On Equity of 26.17% is amongst the best of the industry. SITC outperforms 97.64% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 3.37%, SITC is in the better half of the industry, outperforming 67.72% of the companies in the same industry.
• The 3 year average ROIC (2.71%) for SITC is below the current ROIC(3.37%), indicating increased profibility in the last year.
• With an excellent Profit Margin value of 120.66%, SITC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
• SITC's Profit Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Check the latest full fundamental report of SITC for a complete fundamental analysis.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.