Derayah REIT distributes 2.04% cash dividend for Q3 2020

01/10/2020 Argaam Exclusive

Derayah Financial announced the distribution of cash dividend to Derayah REIT unit holders for the third quarter of 2020, at SAR 0.204 per unit, or 2.04% initial price per unit, it said in a bourse statement.

Dividend details (Q3 2020)

Capital

SAR 1.075 bln

Number of units

107.51 mln

Dividend

SAR 21.93 mln

Percentage of capital

2.04% (equivalent to SAR 0.204 per unit)

Record date

Oct. 15, 2020 (Unitholders registered in record at the end of second trading day following the maturity date)

Payment date

Nov. 15, 2020

Dividend details (9M 2020)

Dividend

SAR 51.67 mln

Percentage of capital

4.81% (equivalent to SAR 0.474 per unit)

The distribution percentage is 2.21% of the net asset value as of June 30, 2020, the statement also added.

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6.03
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Valuation Data (Latest Share Price)

P/E (TTM) 11.88
P/E Before Unusual Items (TTM) -
P/BV 0.73
Dividend Yield 3.61 %
Market Cap. (M) 648.27
Return on Average Assets 3.45 %
Return on Average Equity 6.27 %

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