Musharaka REIT plans 3.5% dividend for H2 2019

02/01/2020 Argaam Exclusive

Musharaka REIT Fund will pay a 3.5% cash dividend for the second half of 2019, at SAR 0.35 per unit, amounting to SAR 30.8 million, the fund manager, Musharaka Capital, said in a bourse statement.

Dividend Details

Fund size

SAR 880 mln

Number of units

88 mln

Dividend

SAR 30.8 mln

Percentage of capital

3.5% (SAR 0.35/unit)

Record date

January 7, 2020

Payment day

Within 15 business days

Dividend Details (FY 2019)

Dividend

SAR 61.60 mln

Percentage of capital

7% (SAR 0.70/unit)

The dividend represents 3.46 percent from net assets based on the fair market value as of June 30, 2019, the fund manager added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
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
26/12/2018 31/12/2018 21/01/2019 24.64 0.28
13/08/2018 28/08/2018 16/09/2018 30.80 0.35
26/02/2018 01/03/2018 25/03/2018 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 1.98 9.80 20.20 %
Last 5 Financial years N/A N/A N/A
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

Musharaka REIT Fund
5.00
(0.01) (0.20 %)

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) -
P/BV 0.56
Dividend Yield 2.94 %
Market Cap. (M) 440.00
Return on Average Assets (0.51 %)
Return on Average Equity (1.04 %)

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