Analysis – Equity Residential Increases Dividend by 11%

EQR

Equity Residential announced a regular quarterly dividend of $.5525 per share, an 11 percent increase from the prior rate of $.50 per share.  The dividend will be paid at the new higher rate on April 10, 2015 to shareholders of record at close of business on March 23, 2015.  Equity Residential is a member of the Top 100 dividend growth candidates.

Date Quarterly Dividend
3/23/2015 0.5525
12/23/2014 0.5
9/18/2014 0.5
6/19/2014 0.5
3/20/2014 0.5
12/24/2013 0.65
9/19/2013 0.4
6/20/2013 0.4
3/20/2013 0.4
12/19/2012 0.767
9/19/2012 0.338
6/20/2012 0.338
3/21/2012 0.338
12/15/2011 0.568
9/16/2011 0.338
6/16/2011 0.338
3/17/2011 0.338
12/16/2010 0.458
9/16/2010 0.338
6/16/2010 0.338
3/11/2010 0.338

Analysis of Valuation of Equity Residential (Symbol EQR).

Equity Residential is trading above its average price/book value (P/BV) range.  Equity Residential is trading below its average dividend yield range.

Price 3/13/15 % Yield 5 Year Div. Growth Rate BV 2015 P/BV  Ratio 10 yr P/BV  Low 10 yr P/BV  High 5 yr max Yield % 5 yr lowest Yield %
77.02 2.6% 10.5 32.90 2.39 0.91 3.35 3.92% 2.36%

Equity Residential Dividend Yield Chart (Click to enlarge)

EQR

Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.

Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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