SPH REIT Dividend yield for 2013
SINGAPORE, January 9, 2014 – SPH REIT Management Pte. Ltd. (“SPH RM” or the “Manager”), the Manager of SPH REIT, is pleased to announce that SPH REIT’s income available for distribution to unitholders was $46.5m for the period from 24 July 2013 (listing date) to 30 November 2013. This translates to a distribution per unit (“DPU”) of 1.86 cents, an increase of 2.2% against IPO forecast. The first distribution will be paid to unitholders on 14 February 2014.
Source: http://sphreit.listedcompany.com/newsroom/sr090114.pdf
| Price | Dividend | Yield* |
|---|---|---|
| $0.90 on 24 Jul 13 | 1.86 cents | 5.85% |
| $0.99 on 9 Jan 14 | 1.86 cents | 5.32% |
*Note: As the declared dividend of 1.86 cents is for the period from 24 Jul 13 to 30 Nov 13, the dividend is extrapolated to the full year linearly.
Estimated annual dividend = (current dividend) / (recorded period in days) / 365
Where
- Current dividend is the declared dividend of 1.86 cents for the period; and
- Recorded period in days is 129 days (from 24 Jul to 30 Nov); and
- 365 is the number of days in a year
With the above, the estimated annual dividend works out to be 5.2628 cents based on a full year.
