AL-SALAM REAL ESTATE INVESTMENT TRUST announced a quarterly dividend of RM 0.0040 per share. The dividend is payable on 10-Jul-2023, while the ex-date will be on 15-Jun-2023. This is lower than the previous dividend of RM 0.0150 per share, with ex-date of 16-Feb-2023 and paid to the shareholders on 28-Feb-2023.
Ann. Date
Ex Date
Amount
Payment Date
About AL-SALAM REAL ESTATE INVESTMENT TRUST
Al-Salam Real Estate Investment Trust is an Islamic REIT (Real Estate Investment Trust) based in Malaysia. The principal activity of the trust is to invest in Shariah-compliant properties. Its segments include Retail, Office, Food, and Beverage (F&B), which consist of the restaurant and non-restaurant outlets. The company's key objective is to provide Unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.
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