Exploring NYSE:SITC's dividend characteristics.

SITE CENTERS CORP (NYSE:SITC) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:SITC demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

Assessing Dividend Metrics for NYSE:SITC

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:SITC has been awarded a 7 for its dividend quality:

• With a Yearly Dividend Yield of 13.64%, SITC is a good candidate for dividend investing.
• SITC's Dividend Yield is rather good when compared to the industry average which is at 18.24. SITC pays more dividend than 96.03% of the companies in the same industry.
• SITC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
• 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.
• 22.20% of the earnings are spent on dividend by SITC. This is a low number and sustainable payout ratio.

Evaluating Health: NYSE:SITC

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:SITC has earned a 6 out of 10:

• A Debt/Equity ratio of 0.11 indicates that SITC is not too dependend on debt financing.
• SITC has a Debt to Equity ratio of 0.11. This is amongst the best in the industry. SITC outperforms 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.
• With an excellent Current ratio value of 6.32, SITC belongs to the best of the industry, outperforming 96.83% of the companies in the same industry.
• 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.
• Looking at the Quick ratio, with a value of 6.32, SITC belongs to the top of the industry, outperforming 96.83% of the companies in the same industry.

Profitability Examination for 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:

• The Return On Assets of SITC (22.20%) is better than 100.00% of its industry peers.
• With an excellent Return On Equity value of 26.17%, SITC belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
• With a decent Return On Invested Capital value of 3.37%, SITC is doing good in the industry, outperforming 66.67% of the companies in the same industry.
• 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.
• In the last couple of years the Profit Margin of SITC has grown nicely.

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

Disclaimer

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.