Al Rajhi REIT pays 1.4% dividend for Q3 2024
Al Rajhi Capital announced paying a cash dividend at 1.4% of capital, or SAR 0.14 per unit, to Al Rajhi REIT Fund’s unitholders for the three-month period ended Sept 30, 2024, as shown in the following table:
|
Dividend Details (Q3 2024) |
|
|
Capital |
SAR 2.75 bln |
|
Number of Units |
275.61 mln |
|
Total Dividend |
SAR 38.59 mln |
|
Percentage of Capital |
1.4% (SAR 0.14 per unit) |
|
Record Date |
Nov. 11, 2024 (Unitholders of record by the close of Nov. 7, 2024) |
|
Payout Date |
Nov. 28, 2024 |
|
Total Dividend (9M 2024) |
|
|
Total Dividend |
SAR 111.63 mln |
|
Percentage of Capital |
4.05% (SAR 0.405 per unit) |
The payout ratio stands at 1.65% of Al Rajhi REIT’s net asset value as of June 30, 2024, the fund manager said in a statement to Tadawul today, Oct. 30.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 30/10/2024 | 07/11/2024 | 28/11/2024 | 38.59 | 0.14 | |
| 31/07/2024 | 08/08/2024 | 29/08/2024 | 35.83 | 0.13 | |
| 01/05/2024 | 07/05/2024 | 30/05/2024 | 37.21 | 0.14 | |
| 31/01/2024 | 08/02/2024 | 29/02/2024 | 38.59 | 0.14 | |
| 06/11/2023 | 16/11/2023 | 14/12/2023 | 35.83 | 0.13 | |
| 02/07/2023 | 05/07/2023 | 30/07/2023 | 19.42 | 0.12 | |
| 03/05/2023 | 11/05/2023 | 22/05/2023 | 24.28 | 0.15 | |
| 06/02/2023 | 12/02/2023 | 26/02/2023 | 53.41 | 0.33 | |
| 03/08/2022 | 09/08/2022 | 28/08/2022 | 53.41 | 0.33 | |
| 01/02/2022 | 08/02/2022 | 27/02/2022 | 45.32 | 0.28 |
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 | 1.63 | 11.00 | 14.85 % |
| Last 5 Financial years | 2.75 | 9.66 | 28.50 % |
| 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) | 15.09 |
| Recurring P/E (TTM) | - |
| P/BV | 0.99 |
| Dividend Yield | 6.60 % |
| Market Cap. (M) | 2,224.15 |
| Return on Average Assets | 4.63 % |
| Return on Average Equity | 6.54 % |
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