A look at Invitation Homes: Dividend falls despite increasing payout!
Invitation Homes announced a dividend adjustment on May 15, 2025: $1.13 per share, despite a decline in the previous year.
A look at Invitation Homes: Dividend falls despite increasing payout!
On May 15, 2025, Invitation Homes held its Annual General Meeting and announced important financial and future dividend information. The dividend payment for 2024 is $1.13 per share, which represents a significant reduction of 14.39 percent compared to the previous year. Despite this reduction, the total distribution to shareholders was increased to $689.24 million, an increase of 8.01 percent compared to the previous year. On the day of the general meeting, the share price was valued at $34.03, while the dividend yield for 2024 is 3.53 percent, compared to 3.87 percent last year.
A look at market developments shows that Invitation Homes' share price has fallen by 6.66 percent over the last three years. Despite the price decline, the real return, which combines the price and the dividend, rose by 21.78 percent. A slightly increased dividend of $1.16 is forecast for 2025, but this will lead to a falling dividend yield of 3.42 percent. Invitation Homes is a component of the S&P 500 and has a current market value of $20.801 billion. Furthermore, the price-to-earnings ratio is 94.03, while sales in 2024 were $2.695 billion, with earnings per share (EPS) of $0.34.
Dividend history and future outlook
The dividend is paid quarterly. A dividend of $0.29 per share will be declared for 2025, with an expiration date of March 27, 2025 and a payment date of April 17, 2025. This dividend is identical to the 2024 distribution, which was also paid quarterly. The following dates and amounts have been set for the individual distributions for 2024:
| Ex date | Payment date | Dividend ($) |
|---|---|---|
| March 27, 2024 | April 19, 2024 | 0.28 |
| June 27, 2024 | July 19, 2024 | 0.28 |
| September 26, 2024 | October 18, 2024 | 0.28 |
| December 26, 2024 | January 17, 2025 | 0.29 |
Over the past three years, Invitation Homes has consistently adjusted its dividend, with core payouts summarized in the table below:
| Year | Dividend ($) |
|---|---|
| 2021 | 0.17 |
| 2022 | 0.22 |
| 2023 | 0.28 |
| 2024 | 1.13 |
The adjustments and strategic direction suggest that Invitation Homes is committed to remaining attractive to both existing and potential investors. Despite the current challenges, the company may be able to hold its own in the market.