Spear REIT Ltd. engages in the investment in real estate properties. It operates through the following segments: Industrial, Commercial, Retail, Hospitality, Non-Property, and Development. The company was founded by Michael Naftali Flax, Quintin Michael Rossi, and Abubaker Varachhia in 2011 and is headquartered in Cape Town, South Africa.
Spear Reit Dividend Announcement
• Spear Reit announced a semi annually dividend of R39.53 per ordinary share which will be made payable on 2024-11-18. Ex dividend date: 2024-11-13
• Spear Reit annual dividend for 2024 was R80.06
• Spear Reit annual dividend for 2023 was R77.16
• Spear Reit's trailing twelve-month (TTM) dividend yield is 8.74%
• Spear Reit's payout ratio for the trailing twelve months (TTM) is 54.01%
• Spear Reit's dividend growth over the last five years (2018-2023) was -1.51% year
Spear Reit Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-13 | R39.53 | semi annually | 2024-11-18 |
2024-06-12 | R40.53 | semi annually | 2024-06-18 |
2023-11-15 | R38.33 | semi annually | 2023-11-20 |
2023-06-07 | R38.84 | semi annually | 2023-06-12 |
2022-11-09 | R37.14 | semi annually | 2022-11-14 |
2022-06-14 | R35.19 | semi annually | 2022-06-20 |
2021-11-17 | R33.06 | semi annually | 2021-11-22 |
2021-06-02 | R29.36 | semi annually | 2021-06-07 |
2020-11-18 | R29.34 | semi annually | 2020-11-23 |
2020-06-03 | R47.02 | semi annually | 2020-06-08 |
2019-11-06 | R44.64 | semi annually | 2019-11-11 |
2019-06-05 | R44.69 | semi annually | 2019-06-10 |
2018-11-07 | R41.73 | semi annually | 2018-11-12 |
2018-06-06 | R41.55 | semi annually | 2018-06-11 |
2017-11-08 | R36.95 | semi annually | 2017-11-13 |
2017-06-07 | R23.51 | semi annually | 2017-06-12 |
Spear Reit Dividend per year
Spear Reit Dividend growth
Spear Reit Dividend Yield
Spear Reit current trailing twelve-month (TTM) dividend yield is 8.74%. Interested in purchasing Spear Reit stock? Use our calculator to estimate your expected dividend yield:
Spear Reit Financial Ratios
Spear Reit Dividend FAQ
Other factors to consider when evaluating Spear 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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1. Determination of Dividend: Spear 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, Spear 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, Spear 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 Spear 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: Spear 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, Spear 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: Spear 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 Spear 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 Spear 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.