Electra Real Estate Ltd., together with its subsidiaries, engages in the establishment, operation, and management of private equity funds for the investment in income-yielding commercial properties in Israel and the United States. The company owns and operates multifamily communities comprised of approximately 32,000 units in Georgia, Florida, North Carolina, South Carolina, Tennessee, and Texas. It also acquires, develops, and repositions newly built, single-family rental housings, and boutique urban hotel assets. In addition, the company provides short-term capital services, including bridge loans, mezzanine loans, preferred equity investment, and participating preferred equity investment to middle-market real estate firms; and advisory services for real estate transactions and operations comprising acquisitions, underwriting, structuring, closing, and property management. Further, it is involved in repositioning, repurposing, and revitalizing real estate assets. The company was incorporated in 1972 and is based in Tel Aviv-Yafo, Israel. Electra Real Estate Ltd. operates as a subsidiary of Elco Ltd.
Electra Real Estate Dividend Announcement
• Electra Real Estate announced a semi annually dividend of ₪33.29 per ordinary share which will be made payable on . Ex dividend date: 2024-03-28
• Electra Real Estate annual dividend for 2024 was ₪33.29
• Electra Real Estate annual dividend for 2023 was ₪106.45
• Electra Real Estate's trailing twelve-month (TTM) dividend yield is 0.83%
• Electra Real Estate's payout ratio for the trailing twelve months (TTM) is -10.04%
Electra Real Estate Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-28 | ₪33.29 | semi annually | |
2023-09-11 | ₪35.48 | semi annually | 2023-09-20 |
2023-03-22 | ₪70.97 | semi annually | 2023-03-29 |
2022-08-23 | ₪70.55 | semi annually | 2022-09-18 |
2022-03-08 | ₪70.29 | semi annually | 2022-03-15 |
2021-08-24 | ₪35.15 | semi annually | 2021-09-01 |
2021-03-29 | ₪21.44 | semi annually | 2021-04-06 |
2020-11-23 | ₪13.75 | semi annually | 2020-11-30 |
2008-09-01 | ₪67.17 | semi annually |
Electra Real Estate Dividend per year
Electra Real Estate Dividend growth
Electra Real Estate Dividend Yield
Electra Real Estate current trailing twelve-month (TTM) dividend yield is 0.83%. Interested in purchasing Electra Real Estate stock? Use our calculator to estimate your expected dividend yield:
Electra Real Estate Financial Ratios
Electra Real Estate Dividend FAQ
Other factors to consider when evaluating Electra Real Estate as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Electra Real Estate's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Electra Real Estate publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Electra Real Estate distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Electra Real Estate are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Electra Real Estate sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Electra Real Estate distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Electra Real Estate declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Electra Real Estate's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Electra Real Estate's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.