Musharaka REIT to pay 1% cash dividend for H2 2023
Musharaka REIT Fund will pay a 1% cash dividend, or SAR 0.1 a unit, totaling SAR 8.8 million, for the period from July 1 to Dec. 31, 2023, according to a filing to Tadawul today, March 31.
|
Dividend Details (H2 2023) |
|
|
Capital |
SAR 880 mln |
|
Number of Units |
88 mln |
|
Cash Dividend |
SAR 8.8 mln |
|
Percentage of Capital |
1% (SAR 0.1 per unit) |
|
Record Date |
April 18, 2024 (Shareholders of record at the end of trading on April 16, 2024) |
|
Payment Date |
Within 30 business days from the record date |
|
Full-Year Dividends (2023) |
|
|
Total Dividend |
SAR 14.34 mln |
|
Percentage of Capital |
1.7% (SAR 0.17 per unit) |
The payment ratio to the net asset value reached 1.12% as of Dec. 31, 2023.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 31/03/2024 | 16/04/2024 | 28/05/2024 | 8.80 | 0.10 | |
| 14/08/2023 | 21/08/2023 | 11/09/2023 | 6.16 | 0.07 | |
| 23/01/2023 | 05/02/2023 | 19/03/2023 | 17.60 | 0.20 | |
| 17/07/2022 | 26/07/2022 | 16/08/2022 | 26.40 | 0.30 | |
| 23/01/2022 | 27/01/2022 | 17/02/2022 | 26.40 | 0.30 | |
| 04/07/2021 | 13/07/2021 | 10/08/2021 | 26.40 | 0.30 | |
| 03/01/2021 | 10/01/2021 | 20/01/2021 | 26.40 | 0.30 | |
| 02/07/2020 | 09/07/2020 | 28/07/2020 | 30.80 | 0.35 | |
| 02/01/2020 | 05/01/2020 | 23/01/2020 | 30.80 | 0.35 | |
| 23/06/2019 | 27/06/2019 | 16/07/2019 | 30.80 | 0.35 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
Dividend History
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 1.27 | 9.72 | 13.07 % |
| Last 5 Financial years | 2.62 | 8.12 | 32.27 % |
| Last 10 Financial years | N/A | N/A | N/A |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| Recurring P/E (TTM) | - |
| P/BV | 0.47 |
| Dividend Yield | 4.90 % |
| Market Cap. (M) | 281.60 |
| Return on Average Assets | (6.89 %) |
| Return on Average Equity | (15.38 %) |
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