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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Sun Communities, Inc. (SUI) pays a $4.32 annual dividend ($1.12 quarterly), yielding 3.79% at $118.08/share. Next ex-dividend date 2026-09-30. 13 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.79%
Annual Dividend: $4.32 per share
Payout Ratio: 327.3% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 34
Sun Communities, Inc. dividend comes from one of North America's largest owners of manufactured housing and RV communities, with 455 developed properties and roughly 156,130 sites across the U.S. and Canada as of mid-2026. The current yield stands at 3.93%, with trailing twelve-month payments of $4.32 per share. SUI pays quarterly, with the next ex-dividend date on September 30, 2026, and the last declared amount at $1.12 per share. A beta of 0.764 means SUI stock moves less than the broader market, which appeals to income investors who prioritize lower volatility over maximum yield.
Sun Communities, Inc. pays out 327.3% of earnings as dividends, a payout ratio classified as high (above 75%), and well into territory that warrants scrutiny. REITs like SUI are structured to distribute the majority of taxable income, so payout ratios measured against net earnings routinely run high, but 327.3% is at the extreme end of that range. Sun Communities, Inc. dividend safety is most directly pressured by this gap between earnings and distributions, and the data shows the dividend has already been held nearly flat in 2024 ($3.76 versus $3.72 in 2023), which points to limited room for further increases without earnings improvement.
Sun Communities, Inc. dividend history shows a CAGR of 8.1% per year from 2012 to 2025. Per-share payments grew from $2.52 to $8.06 over that period (2026 is a partial year and excluded from the rate calculation). The largest annual increase in the window was 114.4% in 2025, which is an outlier that skews the long-run average upward. The history also contains at least one year-over-year decline exceeding 5%, so the growth record is not uninterrupted.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +31.8% | $3.52 (2022) | $8.06 (2025) |
| 5-Year | +20.6% | $3.16 (2020) | $8.06 (2025) |
| 10-Year | +12.0% | $2.60 (2015) | $8.06 (2025) |
Sun Communities, Inc. fits dividend investors who want exposure to the manufactured housing and RV community sector with a yield above the stock's own recent norms. At 3.93%, the current yield sits well above the 5-year average of 2.66%, which reflects a moderate (2-4%) yield classification that has moved higher as the share price has adjusted. The 13-year streak of consecutive dividend increases is a meaningful data point, but the 327.3% payout ratio is the defining trade-off: income investors get a yield that has expanded relative to history, but they accept a payout structure that leaves little margin for error if earnings do not recover.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $1.1200 |
| 2026-06-30 | $1.1200 |
| 2026-03-31 | $1.1200 |
| 2025-12-31 | $1.0400 |
| 2025-09-30 | $1.0400 |
| 2025-06-30 | $1.0400 |
| 2025-05-14 | $4.0000 |
| 2025-03-31 | $0.9400 |
| 2024-12-31 | $0.9400 |
| 2024-09-30 | $0.9400 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.3600 |
| 2025 | $8.0600 |
| 2024 | $3.7600 |
| 2023 | $3.7200 |
| 2022 | $3.5200 |
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