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Independence Realty Trust (IRT) Dividend Yield, Date & History

Independence Realty Trust logo
$20.19 +0.28 (+1.41%)
(As of 12/20/2024 05:16 PM ET)
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Independence Realty Trust Dividend Summary

Dividend Yield
3.17%
Annual Dividend
$0.64
Next
Dividend Payment
Jan. 17
Annualized 3-Year
Dividend Growth
4.71%
Dividend Payout Ratio
237.04%

Independence Realty Trust (IRT) pays an annual dividend of $0.64 per share, with a dividend yield of 3.17%. The next quarterly payment of $0.16 per share is scheduled for Friday, January 17, to investors who own the stock before the ex-dividend date of Tuesday, December 31. The company currently pays out 237.04% of its earnings and 74.14% of its cash flow as dividends.

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IRT Dividend Payments by Quarter

The chart below displays up to four years of Independence Realty Trust's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

IRT Dividend Yield Over Time

The chart below tracks Independence Realty Trust's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Independence Realty Trust vs. The Competition

Compare Independence Realty Trust's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeIndependence Realty TrustFinance CompaniesNYSE Companies
Annual Dividend$0.64$0.02$1.39
Dividend Yield3.17%9.85%3.59%
Annualized 3-Year Dividend Growth4.71%12.89%15.78%

Independence Realty Trust Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings237.04%
Based on This Year's Estimate55.17%
Based on Next Year's Estimate52.89%
Based on Cashflow74.14%

Independence Realty Trust Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/16/2024quarterly$0.16 - 2.97%12/31/202412/31/20241/17/2025
9/17/2024Quarterly$0.16 - 3.07%9/30/20249/30/202410/18/2024
6/10/2024Quarterly$0.16 - 3.63%6/28/20246/28/20247/19/2024
3/11/2024Quarterly$0.16 - 4.04%3/27/20243/29/20244/19/2024
12/11/2023Quarterly$0.16 - 4.42%12/28/202312/29/20231/19/2024
9/12/2023quarterly$0.16 - 4.1%9/28/20239/29/202310/20/2023
5/10/2023Quarterly$0.16+$0.02
14.29%		3.71%6/29/20236/30/20237/21/2023
3/13/2023Quarterly$0.14 - 3.34%3/30/20233/31/20234/21/2023

This table shows Independence Realty Trust's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Independence Realty Trust Dividend - Frequently Asked Questions

The current dividend yield for Independence Realty Trust is 3.17%. Learn more on IRT's dividend yield history.

The annual dividend for IRT shares is $0.64. Learn more on IRT's annual dividend history.

Independence Realty Trust pays quarterly dividends to shareholders.

Independence Realty Trust's next quarterly dividend payment of $0.16 per share will be made to shareholders on Friday, January 17, 2025.

Independence Realty Trust's most recent quarterly dividend payment of $0.16 per share was made to shareholders on Friday, October 18, 2024.

Independence Realty Trust's next ex-dividend date is Tuesday, December 31, 2024.

Independence Realty Trust's most recent ex-dividend date was Monday, September 30, 2024.

Over the past three years, the company's dividend has grown by an average of 4.71% per year.

The most recent change in the company's dividend was an increase of $0.02 on Wednesday, May 10, 2023.

The dividend payout ratio for IRT is:
  • 237.04% based on the trailing year of earnings
  • 55.17% based on this year's estimates
  • 52.89% based on next year's estimates
  • 74.14% based on cash flow

Independence Realty Trust's dividend yield of 3.16% is lower than the average Finance company that issues a dividend. Independence Realty Trust's dividend payout ratio of 237.04% may not be sustainable. However, based on earnings estimates, IRT will have a more sustainable dividend payout ratio of 52.89% next year.

Looking at the stock as a whole, market analysts rate Independence Realty Trust stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.

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This page (NYSE:IRT) was last updated on 12/21/2024 by MarketBeat.com Staff
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