Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.
Fortress REIT Dividend Announcement
• Fortress REIT announced a semi annually dividend of R70.19 per ordinary share which will be made payable on 2024-11-05. Ex dividend date: 2024-10-30
• Fortress REIT annual dividend for 2024 was R151.63
• Fortress REIT's trailing twelve-month (TTM) dividend yield is 0.07%
• Fortress REIT's payout ratio for the trailing twelve months (TTM) is 13.79%
Fortress REIT Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-30 | R70.19 | semi annually | 2024-11-05 |
2024-04-10 | R81.44 | semi annually | 2024-04-15 |
2021-09-21 | R74.70 | semi annually | 2021-09-27 |
2020-09-22 | R23.00 | semi annually | 2020-09-28 |
2020-03-25 | R77.67 | semi annually | 2020-03-30 |
2019-09-25 | R73.62 | semi annually | 2019-09-30 |
2019-03-27 | R74.73 | semi annually | 2019-04-01 |
2018-09-19 | R70.57 | semi annually | 2018-09-25 |
2018-03-07 | R71.20 | semi annually | 2018-03-12 |
2017-09-06 | R67.67 | semi annually | 2017-09-11 |
2017-03-08 | R67.96 | semi annually | 2017-03-13 |
2016-09-07 | R64.45 | semi annually | |
2016-03-07 | R64.72 | semi annually | |
2015-08-24 | R61.38 | semi annually | |
2013-09-02 | R55.99 | semi annually | |
2013-03-04 | R55.99 | semi annually | |
2012-09-03 | R53.32 | semi annually | |
2012-03-05 | R53.32 | semi annually | |
2011-09-05 | R50.78 | semi annually | |
2011-03-14 | R50.78 | semi annually | |
2010-09-13 | R48.36 | semi annually |
Fortress REIT Dividend per year
Fortress REIT Dividend growth
Fortress REIT Dividend Yield
Fortress REIT current trailing twelve-month (TTM) dividend yield is 0.07%. Interested in purchasing Fortress REIT stock? Use our calculator to estimate your expected dividend yield:
Fortress REIT Financial Ratios
Fortress REIT Dividend FAQ
Other factors to consider when evaluating Fortress REIT 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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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Fortress REIT'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, Fortress REIT 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, Fortress REIT 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 Fortress REIT 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: Fortress REIT 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, Fortress REIT distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortress REIT 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 Fortress REIT'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 Fortress REIT'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.