In the accumulated 12-month period, Hotel Maxinvest (HTMX11) boasts a dividend yield of 26%, the highest in the market during this period.
The FII Devant Recebíveis (DEVA11) will end the month as the highest dividend payer in the market. In April, the portfolio registered a dividend yield (return rate with dividends) of 1.60%.
The data is part of a survey conducted by InfoMoney with information from Economatica, which considers only real estate funds that make up the Ifix – index of the most traded REITs on the stock exchange.
Among the monitored portfolios, 32 had a dividend yield above 1%. This number is higher than the 29 observed in March and the 26 in February.
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On the last day of the month, DEVA11 deposited R$ 0.68 per share – an amount that ensured the fund the highest dividend return in April. Following are Autonomy Edifícios Corporativos (AIEC11) and Cartesia Recebíveis (CACR11), with gains of 1.37% and 1.33%, respectively.
Check out the top ten dividend payers in April 2024:
| Ticker | Segment | Dividend yield in April (%) |
|---|---|---|
| DEVA11 | Títulos e Val. Mob. | 1.60 |
| AIEC11 | Escritório | 1.37 |
| CACR11 | Títulos e Val. Mob. | 1.33 |
| RZAK11 | Títulos e Val. Mob. | 1.25 |
| HABT11 | Títulos e Val. Mob. | 1.19 |
| URPR11 | Títulos e Val. Mob. | 1.18 |
| KNHY11 | Títulos e Val. Mob. | 1.18 |
| MFII11 | Desenvolvimento | 1.17 |
| CYCR11 | Títulos e Val. Mob. | 1.15 |
| CVBI11 | Títulos e Val. Mob. | 1.14 |
Source: Economatica
Recovery of DEVA11 dividends
Considered a high yield FII – higher risk – DEVA11 invests in fixed income securities and currently has a net worth of R$ 1.382 billion.
According to the latest management report, 86.8% of the funds are currently allocated in real estate receivables certificates (CRI). Most of the securities (95.4%) are indexed to IPCA plus an average rate of 10.4%.
The dividend paid in April was the highest for DEVA11 since May 2023 – when the fund deposited R$ 0.85 per share. Last month, the portfolio’s yield was R$ 0.60.
Despite the recovery in the dividend volume in recent months, DEVA11 featured in 2023 on the list of the biggest falls of the year, with losses of over 43% – a performance that helped increase the portfolio’s dividend yield.
Top dividend payers for the last 12 months
With a dividend yield of 26.25%, the FII Hotel Maxinvest (HTMX11) leads the list of real estate funds that have paid the most dividends in the last 12 months. Following are Cartesia Recebíveis (CACR11) and Riza Akin (RZAK11) with rates of 16.74% and 15.99%, respectively.
Check out the top ten dividend payers for the last 12 months:
| Ticker | Segment | Dividend yield – 12 months (%) |
|---|---|---|
| HTMX11 | Hotel | 26.25 |
| CACR11 | Títulos e Val. Mob. | 16.74 |
| RZAK11 | Títulos e Val. Mob. | 15.99 |
| URPR11 | Títulos e Val. Mob. | 15.60 |
| HABT11 | Títulos e Val. Mob. | 15.48 |
| CYCR11 | Títulos e Val. Mob. | 15.27 |
| MFII11 | Desenvolvimento | 15.15 |
| SPXS11 | Multiestratégia | 15.12 |
| ARRI11 | Títulos e Val. Mob. | 15.10 |
| AIEC11 | Escritório | 15.09 |
Source: Economatica
In 2023, HTMX11 was the market’s main highlight with a total return (share appreciation plus dividend distribution) above 110% – the highest increase among the main REITs in the market.
The FII operates in the hotel sector and has its main sources of revenue in occupancy and room sales. According to the latest management report, the fund currently has 443 units in 22 hotels in São Paulo (SP).
