KIP REAL ESTATE INVESTMENT TRUST announced a quarterly dividend of RM 0.0160 per share. The dividend is payable on 28-May-2024, while the ex-date will be on 08-May-2024. This is higher than the previous dividend of RM 0.0155 per share, with ex-date of 13-Feb-2024 and paid to the shareholders on 29-Feb-2024.
Ann. Date
Ex Date
Amount
Payment Date
About KIP REAL ESTATE INVESTMENT TRUST
KIP Real Estate Investment Trust (KIP REIT) is a Malaysia-based real estate investment trust (REIT) established with the principal investment policy of investing, directly and indirectly, in a portfolio of income-producing Real Estate used primarily for retail purposes. The focus of its investments is towards community-centric retail centers. KIP REIT's initial portfolio consists of six Subject Properties, including five retail centers known as KiP Mart and a neighborhood retail center known as KiP Mall. The properties are namely KiP Mart Tampoi, KiP Mart Kota Tinggi, KiP Mart Masai, KiP Mart Lavender Senawang, KiP Mart Melaka and KiP Mall Bangi; these assets are predominantly situated in the southern states of Malaysia, namely Johor, Malacca and Selangor. KIP REIT's manager is KIP REIT Management Sdn Bhd, which is engaged in active asset management and enhancement strategies, acquisition growth strategies and capital and risk management strategies.
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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