Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 16 private housing estate retail properties in Hong Kong, comprising of 3 million sq. ft. of retail space and 2,713 car parking spaces. The retail properties are Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Belvedere Square, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Smartland, Tsing Yi Square, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.
Fortune Real Estate Investment Trust Dividend Announcement
• Fortune Real Estate Investment Trust announced a semi annually dividend of HK$0.18 per ordinary share which will be made payable on 2024-09-17. Ex dividend date: 2024-08-22
• Fortune Real Estate Investment Trust annual dividend for 2024 was HK$0.36
• Fortune Real Estate Investment Trust annual dividend for 2023 was HK$0.43
• Fortune Real Estate Investment Trust's trailing twelve-month (TTM) dividend yield is 8.84%
• Fortune Real Estate Investment Trust's payout ratio for the trailing twelve months (TTM) is -117.91%
• Fortune Real Estate Investment Trust's dividend growth over the last five years (2018-2023) was -3.37% year
• Fortune Real Estate Investment Trust's dividend growth over the last ten years (2013-2023) was 2.33% year
Fortune Real Estate Investment Trust Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-22 | HK$0.18 | semi annually | 2024-09-17 |
2024-03-25 | HK$0.18 | semi annually | |
2023-08-23 | HK$0.22 | semi annually | 2023-09-22 |
2023-03-22 | HK$0.21 | semi annually | 2023-04-21 |
2022-08-22 | HK$0.23 | semi annually | 2022-09-16 |
2022-03-16 | HK$0.20 | semi annually | 2022-04-22 |
2021-08-23 | HK$0.25 | semi annually | 2021-09-17 |
2021-02-23 | HK$0.25 | semi annually | 2021-03-18 |
2020-08-10 | HK$0.23 | semi annually | 2020-09-18 |
2020-02-19 | HK$0.25 | semi annually | 2020-03-06 |
2019-08-13 | HK$0.26 | semi annually | 2019-08-29 |
2019-02-13 | HK$0.25 | semi annually | 2019-03-01 |
2018-08-10 | HK$0.26 | semi annually | 2018-08-29 |
2018-02-05 | HK$0.25 | semi annually | 2018-02-28 |
2017-08-10 | HK$0.26 | semi annually | 2017-08-29 |
2017-02-09 | HK$0.24 | semi annually | 2017-03-01 |
2016-08-04 | HK$0.25 | semi annually | |
2016-02-03 | HK$0.23 | semi annually | |
2015-08-11 | HK$0.23 | semi annually | |
2015-02-03 | HK$0.21 | semi annually | |
2014-08-07 | HK$0.21 | semi annually | |
2014-02-07 | HK$0.18 | semi annually | |
2013-07-25 | HK$0.18 | semi annually | |
2013-02-05 | HK$0.17 | semi annually |
Fortune Real Estate Investment Trust Dividend per year
Fortune Real Estate Investment Trust Dividend growth
Fortune Real Estate Investment Trust Dividend Yield
Fortune Real Estate Investment Trust current trailing twelve-month (TTM) dividend yield is 8.84%. Interested in purchasing Fortune Real Estate Investment Trust stock? Use our calculator to estimate your expected dividend yield:
Fortune Real Estate Investment Trust Financial Ratios
Fortune Real Estate Investment Trust Dividend FAQ
Other factors to consider when evaluating Fortune Real Estate Investment Trust 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: Fortune Real Estate Investment Trust'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, Fortune Real Estate Investment Trust 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, Fortune Real Estate Investment Trust 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 Fortune Real Estate Investment Trust 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: Fortune Real Estate Investment Trust 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, Fortune Real Estate Investment Trust distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortune Real Estate Investment Trust 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 Fortune Real Estate Investment Trust'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 Fortune Real Estate Investment Trust'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.