Mulkia REIT to pay 1% cash dividend for Q4 2023

16/01/2024 Argaam Exclusive

Mulkia Gulf Real Estate REIT (Mulkia REIT) will pay a cash dividend of 1%, or SAR 0.10 a unit, to unitholders for Q4 2023, fund manager Mulkia Investment Co. said in a statement to Tadawul.

 

Dividend Details (Q4 2023) 

Capital 

SAR 1.03 bln 

Number of Units 

103.77 mln 

Total Dividend 

SAR 10.38 mln 

Percentage of Capital 

1% (SAR 0.10 a unit) 

Record Date 

Jan 25, 2023 (Unitholders of record by the end of Jan. 29, 2023) 

Payment Date 

March 3, 2024

 

Total Dividend (2023) 

Total Dividend 

SAR 39.99 mln 

*The fund’s total asset value was raised to SAR 1.03 billion from SAR 681.1 million
 

The payout ratio stands at 1.2% 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
16/01/2024 25/01/2024 03/03/2024 10.38 0.10
16/10/2023 19/10/2023 16/11/2023 10.38 0.10
17/07/2023 18/07/2023 17/08/2023 10.38 0.10
11/04/2023 13/04/2023 08/05/2023 8.85 0.13
18/01/2023 29/01/2023 13/02/2023 8.85 0.13
17/10/2022 23/10/2022 03/11/2022 8.85 0.13
18/07/2022 24/07/2022 04/08/2022 8.85 0.13
17/04/2022 10/05/2022 22/05/2022 8.85 0.13
17/01/2022 24/01/2022 03/02/2022 12.26 0.18
10/10/2021 12/10/2021 24/10/2021 8.85 0.13
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 1.48 9.00 16.39 %
Last 5 Financial years 2.56 8.12 31.54 %
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

5.39
(0.11) (2.00 %)

Valuation Data (Latest Share Price)

P/E (TTM) 42.55
P/E Before Unusual Items (TTM) -
P/BV 0.72
Dividend Yield 6.37 %
Market Cap. (M) 559.30
Return on Average Assets 0.96 %
Return on Average Equity 1.65 %

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