Musharaka REIT Fund is a closed real estate investment fund that is closed and in compliance with Islamic Sharia regulations and standards. The Funds Sharia advisor reviews the terms and conditions of the fund and all the funds activities periodically to ensure that they comply with the approved Sharia standards. Musharaka REIT Fund was established in the Kingdom of Saudi Arabia in accordance with the Real Estate Investment Funds Regulations and the Instructions for real estate investment trusts in circulation. The funds main investment objective is to invest in structurally developed real estate assets that are leasable and to achieve periodic leasing income. The fund may invest its assets secondary in real estate development projects, provided that (A) The funds assets invested in developed real estate assets that generate periodic income are not less than 75 percent (b) The fund does not invest in white lands. The fund started operating with five properties, at a value of 880 million Saudi riyals, the number of real estate assets that the fund invests in has doubled, and the funds assets have exceeded one billion Saudi riyals.
Musharaka REIT Fund Dividend Announcement
• Musharaka REIT Fund announced a semi annually dividend of ر.س0.10 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-08-20
• Musharaka REIT Fund annual dividend for 2024 was ر.س0.20
• Musharaka REIT Fund annual dividend for 2023 was ر.س0.27
• Musharaka REIT Fund's trailing twelve-month (TTM) dividend yield is 4.01%
• Musharaka REIT Fund's payout ratio for the trailing twelve months (TTM) is -127.13%
• Musharaka REIT Fund's dividend growth over the last five years (2018-2023) was -17.35% year
Musharaka REIT Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-20 | ر.س0.10 | semi annually | 2024-09-10 |
2024-04-17 | ر.س0.10 | semi annually | |
2023-08-22 | ر.س0.07 | semi annually | 2023-08-22 |
2023-02-06 | ر.س0.20 | semi annually | 2023-03-01 |
2022-07-27 | ر.س0.30 | semi annually | 2022-08-16 |
2022-01-30 | ر.س0.30 | semi annually | 2022-02-17 |
2021-07-14 | ر.س0.30 | semi annually | 2021-08-10 |
2021-01-12 | ر.س0.30 | semi annually | 2021-03-01 |
2020-07-12 | ر.س0.35 | semi annually | 2020-07-28 |
2020-01-06 | ر.س0.35 | semi annually | 2020-03-01 |
2019-06-30 | ر.س0.35 | semi annually | 2019-07-16 |
2019-01-01 | ر.س0.28 | semi annually | 2019-01-21 |
2018-08-29 | ر.س0.35 | semi annually | 2018-09-16 |
2018-02-28 | ر.س0.35 | semi annually | 2018-03-25 |
Musharaka REIT Fund Dividend per year
Musharaka REIT Fund Dividend growth
Musharaka REIT Fund Dividend Yield
Musharaka REIT Fund current trailing twelve-month (TTM) dividend yield is 4.01%. Interested in purchasing Musharaka REIT Fund stock? Use our calculator to estimate your expected dividend yield:
Musharaka REIT Fund Financial Ratios
Musharaka REIT Fund Dividend FAQ
Other factors to consider when evaluating Musharaka REIT Fund 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: Musharaka REIT Fund'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, Musharaka REIT Fund 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, Musharaka REIT Fund 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 Musharaka REIT Fund 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: Musharaka REIT Fund 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, Musharaka REIT Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Musharaka REIT Fund 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 Musharaka REIT Fund'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 Musharaka REIT Fund'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.