Riyad REIT to distribute 1.5% cash dividend for H2 2023

25/03/2024 Argaam Exclusive

Riyad Capital announced the distribution of a 1.5% cash dividend, or SAR 0.15 per unit, to Riyad REIT Fund’s unitholders for H2 2023, according to a statement to Tadawul today, March 25.

Dividend Details (H2 2023)

Current Capital

SAR 1.63 bln

Number of Units

171.70 mln

Total Dividends

SAR 25.75 mln

Dividend per Unit

1.5% (SAR 0.15 per unit)

Record Date

Unitholders of record by the end of April 4, 2024 (By the close of trading on April 2, 2024)

Payment Date

Within 15 working days from the record date

 

Full-Year Dividend (2023)

Total Dividend

SAR 68.67 mln

Percentage of Capital

4% (SAR 0.4 per unit)

The distribution represents 1.36% of net asset value (NAV) as of Dec. 31, 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
25/03/2024 02/04/2024 25/04/2024 25.75 0.15
16/08/2023 17/09/2023 05/10/2023 42.92 0.25
26/03/2023 06/04/2023 02/05/2023 42.92 0.25
29/08/2022 04/09/2022 21/09/2022 75.55 0.44
13/02/2022 24/03/2022 30/03/2022 80.70 0.47
15/08/2021 22/08/2021 12/09/2021 46.36 0.27
22/03/2021 28/03/2021 18/04/2021 42.92 0.25
26/08/2020 03/09/2020 28/09/2020 34.34 0.20
05/04/2020 12/04/2020 03/05/2020 42.92 0.25
20/08/2019 25/08/2019 10/09/2019 41.21 0.24
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 1.83 8.50 21.53 %
Last 5 Financial years 2.77 7.85 35.29 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Riyad REIT Fund
6.84
(0.13) (1.87 %)

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Valuation Data (Latest Share Price)

P/E (TTM) More than 50
P/E Before Unusual Items (TTM) -
P/BV 0.80
Dividend Yield 4.51 %
Market Cap. (M) 1,174.41
Return on Average Assets 0.71 %
Return on Average Equity 1.44 %

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