MEFIC REIT distributes 2.5% cash dividend for H2 2019

31/03/2020 Argaam Exclusive

MEFIC Capital announced the distribution of 2.5% cash dividend to MEFIC REIT Fund unit holders for the period starting November 2018 to Dec. 31, 2019, at SAR 0.25 per unit, amounting to SAR 18.32 million, according to a bourse statement.

 

The dividend represents 2.43% of net assets based on the fair market value as of Dec. 31, 2019, the fund manager added.

Dividend Details (H2 2019)

Fund size

SAR 732.77 mln

Number of units

73.28 mln

Dividend

SAR 18.32 mln

Percentage of capital

2.5% (SAR 0.25/unit)

Record date

April 09, 2020

Payment day

Within 10 business days from record date

Dividend for FY 2019

Total dividend

SAR 45.92 mln

Percentage of capital

6.26% (SAR 0.626/share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
31/03/2020 07/04/2020 21/04/2020 18.32 0.25
11/07/2019 25/07/2019 29/08/2019 27.57 0.38
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 0.78 9.00 8.62 %
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

MEFIC REIT Fund
4.46
0.02 0.45 %

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) -
P/BV 0.64
Dividend Yield 1.62 %
Market Cap. (M) 326.82
Return on Average Assets (1.13 %)
Return on Average Equity (2.21 %)

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