FII pays highest dividend in 12 months and is highlighted among April’s main returns

FII Devant Receivíveis (DEVA11) will end the month as the largest dividend payer on the market. In April, the portfolio registered a dividend yield (rate of return with dividends) of 1.60%.

The data is part of a survey of the InfoMoney with information from Economatica, which only considers the real estate funds that make up the Ifix – index of the most traded FIIs on the Stock Exchange.

Among the portfolios monitored, 32 had a dividend yield above 1%. The number is higher than the 29 observed in March and the 26 in February.

On the 12th, DEVA11 deposited R$0.68 per share – an amount that guaranteed the fund the highest return with dividends in April. Next come Autonomy Edifícios Corporativos (AIEC11) and Cartesia Recebiveis (CACR11), with gains of 1.37% and 1.33%, respectively.

Check out the ten biggest dividend payers for April 2024:

Resumption of DEVA11 dividends

Considered an FII high yield – 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 resource is currently allocated to certificates of real estate receivables (CRI). Most bonds (95.4%) are indexed to the IPCA plus an average rate of 10.4%.

The dividend paid in April was DEVA11’s largest 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 volume of the dividend in recent months, DEVA11 appeared in 2023 on the list of the biggest falls of the year, with losses of more than 43% – a performance that helped to increase the dividend yield of the wallet.

Highest payers in the last 12 months

With a dividend yield of 26.25%, FII Hotel Maxinvest (HTMX11) tops the list of real estate funds that paid the most returns in the last 12 months. Next, Cartesia Receivíveis (CACR11) and Riza Akin (RZAK11) appear with rates of 16.74% and 15.99%, respectively.

Check out the ten biggest dividend payers in the last 12 months:

In 2023, HTMX11 was the main highlight of the market with a total return (share appreciation plus dividend distribution) above 110% – the biggest increase among the main FIIs in the market.

The FII operates in the hotel segment and its main sources of revenue are the occupancy and sale of rooms. According to the latest management report, the fund currently has 443 units in 22 hotels in São Paulo (SP).