Investore Property Limited (Investore) is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Investore was established in October 2015 in connection with the acquisition of 19 Countdown supermarkets from Antipodean Supermarkets Limited and Antipodean Properties Limited. The transfer of six properties from Stride Property Limited (Stride) and Stride Holdings Limited to Investore took place between 29 April and 9 June 2016 by way of sale and purchase agreements for cash consideration equal to the most recently obtained independent valuation of the properties transferred (in each case, 31 March 2016). In June 2016, Investore entered into a sale and purchase agreement to acquire 14 Countdown supermarkets from Shopping Centres Australasia Property Group Trustee NZ Limited (the SCA Acquisition). Settlement of six properties occurred on 12 July 2016, with the other eight properties expected to settle in September 2016. Investore's investment strategy is focused on Large Format Retail property assets. Large Format Retail means a single-storey or low level property comprising retail shops and outlets and car parking areas with more than 50% of the property generally occupied by, and more than 50% of the rental generally provided by, a single major tenant or a limited number of major tenants under net leases. Investore believes that Large Format Retail assets have a specific, differentiating set of attributes that can provide a reliable income return to shareholders.
Investore Property Dividend Announcement
• Investore Property announced a quarterly dividend of NZ$0.02 per ordinary share which will be made payable on 2024-09-05. Ex dividend date: 2024-08-27
• Investore Property annual dividend for 2024 was NZ$0.07
• Investore Property annual dividend for 2023 was NZ$0.08
• Investore Property's trailing twelve-month (TTM) dividend yield is 6.89%
• Investore Property's payout ratio for the trailing twelve months (TTM) is 8.10%
• Investore Property's dividend growth over the last five years (2018-2023) was 1.13% year
Investore Property Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-27 | NZ$0.02 | quarterly | 2024-09-05 |
2024-08-26 | NZ$0.02 | quarterly | |
2024-05-24 | NZ$0.02 | quarterly | 2024-06-06 |
2024-02-28 | NZ$0.02 | quarterly | |
2023-11-23 | NZ$0.02 | quarterly | 2023-12-12 |
2023-09-06 | NZ$0.02 | quarterly | 2023-09-25 |
2023-05-26 | NZ$0.02 | quarterly | 2023-06-06 |
2023-02-27 | NZ$0.02 | quarterly | 2023-03-07 |
2022-11-23 | NZ$0.02 | quarterly | 2022-12-01 |
2022-08-23 | NZ$0.02 | quarterly | 2022-08-31 |
2022-05-25 | NZ$0.02 | quarterly | 2022-06-02 |
2022-02-17 | NZ$0.02 | quarterly | 2022-03-04 |
2021-11-23 | NZ$0.02 | quarterly | 2021-12-01 |
2021-09-09 | NZ$0.02 | quarterly | 2021-09-17 |
2021-05-25 | NZ$0.02 | quarterly | 2021-06-02 |
2021-02-23 | NZ$0.02 | quarterly | 2021-03-03 |
2020-11-24 | NZ$0.02 | quarterly | 2020-12-02 |
2020-09-16 | NZ$0.02 | quarterly | 2020-09-24 |
2020-06-10 | NZ$0.02 | quarterly | 2020-06-18 |
2020-02-26 | NZ$0.02 | quarterly | 2020-03-05 |
2019-11-19 | NZ$0.02 | quarterly | 2019-11-27 |
2019-09-05 | NZ$0.02 | quarterly | 2019-09-13 |
2019-06-06 | NZ$0.02 | quarterly | 2019-06-14 |
2019-03-06 | NZ$0.02 | quarterly | 2019-03-15 |
2018-12-03 | NZ$0.02 | quarterly | 2018-12-12 |
2018-09-12 | NZ$0.02 | quarterly | 2018-09-20 |
2018-06-11 | NZ$0.02 | quarterly | 2018-06-19 |
2018-03-14 | NZ$0.02 | quarterly | 2018-03-23 |
2017-12-05 | NZ$0.02 | quarterly | 2017-12-19 |
2017-09-08 | NZ$0.02 | quarterly | 2017-09-25 |
2017-06-12 | NZ$0.02 | quarterly | 2017-06-20 |
2017-03-10 | NZ$0.02 | quarterly | 2017-03-20 |
2016-11-30 | NZ$0.01 | quarterly |
Investore Property Dividend per year
Investore Property Dividend growth
Investore Property Dividend Yield
Investore Property current trailing twelve-month (TTM) dividend yield is 6.89%. Interested in purchasing Investore Property stock? Use our calculator to estimate your expected dividend yield:
Investore Property Financial Ratios
Investore Property Dividend FAQ
Other factors to consider when evaluating Investore Property 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: Investore Property'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, Investore Property 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, Investore Property 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 Investore Property 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: Investore Property 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, Investore Property distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Investore Property 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 Investore Property'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 Investore Property'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.