Is NYSE:SITC a Good Fit for Dividend Investing?

Our stock screener has singled out SITE CENTERS CORP (NYSE:SITC) as a promising choice for dividend investors. NYSE:SITC not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

Deciphering NYSE:SITC's Dividend Rating

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:

• SITC has a Yearly Dividend Yield of 14.19%, which is a nice return.
• SITC's Dividend Yield is rather good when compared to the industry average which is at 18.47. SITC pays more dividend than 96.83% of the companies in the same industry.
• SITC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
• The dividend of SITC is nicely growing with an annual growth rate of 8.32%!
• 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

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:SITC has achieved a 6 out of 10:

• 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.
• A Current Ratio of 6.32 indicates that SITC has no problem at all paying its short term obligations.
• Looking at the Current 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.
• A Quick Ratio of 6.32 indicates that SITC has no problem at all paying 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 Insights: NYSE:SITC

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:SITC has earned a 7 out of 10:

• 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.
• Looking at the Return On Invested Capital, with a value of 3.37%, SITC is in the better half of the industry, outperforming 66.67% 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.
• SITC has a Profit Margin of 120.66%. This is amongst the best in the industry. SITC outperforms 100.00% of its industry peers.
• In the last couple of years the Profit Margin of SITC has grown nicely.

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For an up to date full fundamental analysis you can check the fundamental report of SITC

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.