Riyad Capital announced the distribution of 2.63% cash dividend to Riyad REIT Fund’s unit holders for H2 2020, at SAR 0.25 per unit, amounting to SAR 42.92 million, according to a bourse statement.
The dividend represents 2.61% of net assets based on the fair market value as of Dec. 31, 2020, the fund manager added.
|
Dividend Details (H2 2020) |
|
|
Fund size |
SAR 1.753 bln |
|
Current capital |
SAR 1.633 bln |
|
Number of units |
171.7 mln |
|
Dividend |
SAR 42.92 mln |
|
Percentage of capital |
2.63% (SAR 0.25/unit) |
|
Record date |
March 28, 2021 (Unit holders registered in record on March 30, 2021) |
|
Payment date |
Within 15 days from record date |
|
Dividend Details (2020) |
|
|
Dividend |
SAR 77.26 mln |
|
Percentage of capital |
4.73% |
The fund manager also noted that several steps were taken to manage the portfolio during the pandemic to increase cash reserves.
Therefore, only 90% of the funds from operations (FFO) were distributed for 2019 as opposed to distributing the full FFO. The amount of the retained earnings was SAR 8.73 million.
The fund managed to continue generating cash flows and long-term value creation due to the strong, well-diversified asset and tenant base in attractive markets both domestically and internationally, active asset management in some domestic assets along with gradual improvement of economic conditions.
Following this, the remaining retained earnings were distributed to the unit holders, the statement added.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 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 | |
| 06/03/2019 | 14/03/2019 | 28/03/2019 | 48.08 | 0.28 | |
| 02/08/2018 | 06/08/2018 | 15/08/2018 | 29.19 | 0.17 | |
| 22/01/2018 | 18/02/2018 | 25/02/2018 | 15.00 | 0.30 | |
| 22/05/2017 | 15/06/2017 | 27/07/2017 | 13.00 | 0.26 |
| 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 | 1.39 | 9.65 | 14.40 % |
| Last 5 Financial years | 1.95 | 11.00 | 17.73 % |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | - |
| P/BV | 0.76 |
| Dividend Yield | 4.51 % |
| Market Cap. (M) | 1,095.43 |
| Return on Average Assets | (0.24 %) |
| Return on Average Equity | (0.49 %) |
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