Mulkia REIT to pay 0.8% cash dividend for Q2 2024

17/07/2024 Argaam Exclusive

Mulkia Investment Co. announced the distribution of cash dividends to unitholders of Mulkia Gulf Real Estate REIT at 0.8% of capital (SAR 0.08 per unit) from April 1, 2024, until June 30, 2024, according to a statement to Tadawul.

 

Dividend Details (Q2 2024)

 

Current Capital

SAR 1.03 bln

Number of Units

103.77 mln

Total Dividend

SAR 8.30 mln

Percentage of Capital

0.8% (SAR 0.08 per unit)

Record Date

Unitholders of record by the end of July 30, 2024 and end of trading on July 28, 2024

Payment Date

Within 35 business days from the record date

 

Total Dividends (H1 2024)

Total Dividends

SAR 16.6 mln

Percentage of Capital

1.6% (SAR 0.16 a unit)

 

In a filing to Tadawul, the company said that the dividend payout ratio is 0.94% of the net asset value (NAV) as of June 30, 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/04/2024 28/04/2024 30/05/2024 8.30 0.08
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
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

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) -
P/BV 0.73
Dividend Yield 6.37 %
Market Cap. (M) 579.01
Return on Average Assets (0.89 %)
Return on Average Equity (1.70 %)

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