Why the dividend investor may take a look at NYSE:SITC.

Discover SITE CENTERS CORP (NYSE:SITC)—a stock that our stock screener has recognized as a solid dividend pick with strong fundamentals. NYSE:SITC showcases decent financial health and profitability while providing a sustainable dividend. We'll explore the specifics further.

How do we evaluate the Dividend for NYSE:SITC?

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:SITC has received a 7 out of 10:

• SITC has a Yearly Dividend Yield of 13.59%, which is a nice return.
• SITC's Dividend Yield is rather good when compared to the industry average which is at 15.86. SITC pays more dividend than 96.83% of the companies in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.30, SITC pays a better dividend.
• 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.

How We Gauge Health 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:

• A Debt/Equity ratio of 0.11 indicates that SITC is not too dependend on debt financing.
• The Debt to Equity ratio of SITC (0.11) is better than 99.21% of its industry peers.
• A Current Ratio of 6.32 indicates that SITC has no problem at all paying its short term obligations.
• SITC has a Current ratio of 6.32. This is amongst the best in the industry. SITC outperforms 96.83% of its industry peers.
• SITC has a Quick Ratio of 6.32. This indicates that SITC is financially healthy and has no problem in meeting its short term obligations.
• SITC's Quick ratio of 6.32 is amongst the best of the industry. SITC outperforms 96.83% of its industry peers.

Profitability Assessment of NYSE:SITC

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:SITC was assigned a score of 7 for profitability:

• SITC has a Return On Assets of 22.20%. This is amongst the best in the industry. SITC outperforms 100.00% of its industry peers.
• Looking at the Return On Equity, with a value of 26.17%, SITC belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
• SITC's Return On Invested Capital of 3.37% is fine compared to the rest of the industry. SITC outperforms 66.67% of its industry peers.
• The last Return On Invested Capital (3.37%) for SITC is above the 3 year average (2.71%), which is a sign of increasing profitability.
• 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.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.