Sun Communities, Inc. Announces Tax Treatment of 2024 Distributions
Rhea-AI Summary
Sun Communities (NYSE:SUI) has released the tax treatment details for its 2024 common share distributions. The company paid quarterly dividends totaling $3.75 per share throughout 2024, with individual payments of $0.93 in January and $0.94 in April, July, and October.
The distributions were categorized as follows: $1.976298 per share as Ordinary Taxable Dividend, $1.631226 per share as Total Capital Gain Distribution, $0.273236 per share as Unrecaptured Section 1250 Gain, and $0.142476 per share as Non-Dividend Distribution. No Qualified Taxable Dividends were declared.
Positive
- Maintained consistent quarterly dividend payments throughout 2024
- Slight dividend increase from $0.93 to $0.94 per share in Q2 2024
- Total annual distribution of $3.75 per share to shareholders
Negative
- None.
News Market Reaction
On the day this news was published, SUI declined 2.28%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Southfield, MI, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2024 common share distributions.
Common Shares (CUSIP No. 866674104) - SUI
| Declared Date | Record Date | Payable Date | Distribution ($ per share) | Ordinary Taxable Dividend (2) ($ per share) | Qualified Taxable Dividend (2) ($ per share) | Non Dividend Distribution ($ per share) | ||||
| 12/01/23 | 12/29/23 | 01/16/24 | $ | 0.930000 | $ | 0.490122 | $ | 0.000000 | $ | 0.035334 |
| 03/01/24 | 03/29/24 | 04/15/24 | $ | 0.940000 | $ | 0.495392 | $ | 0.000000 | $ | 0.035714 |
| 06/03/24 | 06/28/24 | 07/15/24 | $ | 0.940000 | $ | 0.495392 | $ | 0.000000 | $ | 0.035714 |
| 09/03/24 | 09/30/24 | 10/15/24 | $ | 0.940000 | $ | 0.495392 | $ | 0.000000 | $ | 0.035714 |
| $ | 3.750000 | $ | 1.976298 | $ | 0.000000 | $ | 0.142476 | |||
| Declared Date | Record Date | Payable Date | Total Capital Gain Distribution ($ per share) | Unrecaptured Section 1250 Gain (1) ($ per share) | Section 199A Dividend (2) ($ per share) | |||
| 12/01/23 | 12/29/23 | 01/16/24 | $ | 0.404544 | $ | 0.067763 | $ | 0.490122 |
| 03/01/24 | 03/29/24 | 04/15/24 | $ | 0.408894 | $ | 0.068491 | $ | 0.495392 |
| 06/03/24 | 06/28/24 | 07/15/24 | $ | 0.408894 | $ | 0.068491 | $ | 0.495392 |
| 09/03/24 | 09/30/24 | 10/15/24 | $ | 0.408894 | $ | 0.068491 | $ | 0.495392 |
| $ | 1.631226 | $ | 0.273236 | $ | 1.976298 | |||
(1) To the extent that Unrecaptured Section 1250 Gain exists, the gain is a subset of, and included in, the Total Capital Gain Distribution amount.
(2) The Section 199A Dividend and Qualified Taxable Dividend are subsets of, and included in, the Ordinary Taxable Dividend.
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
About Sun Communities, Inc.
Sun Communities, Inc. is a REIT that, as of September 30, 2024, owned, operated, or had an interest in a portfolio of 659 developed properties comprising approximately 179,130 developed sites and approximately 48,760 wet slips and dry storage spaces in the United States, Canada, and the United Kingdom.
FOR FURTHER INFORMATION AT THE COMPANY:
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com
FAQ
What is the total dividend distribution per share for Sun Communities (SUI) in 2024?
How much of SUI's 2024 distributions were classified as Ordinary Taxable Dividends?
What portion of SUI's 2024 distributions qualified as Capital Gain Distribution?
When did Sun Communities (SUI) increase its quarterly dividend in 2024?
What was the Non-Dividend Distribution amount for SUI shares in 2024?
