ALZR11 Dividends — income history

When does ALZR11 pay the next dividend?

• 2026-05-12 — General Unitholders' Meeting to Modernize Bylaws—5 material changes (including 50% of net assets in group FIIs): Approval could pressure unit price to R$ 9.50–10.00 (similar to VGHF11). Rejection is neutral to positive.
• 2026-05 — Start of Fleury Campinas rental income (+R$ 255k/month): +R$ 255k/month recurring (~+R$ 0.0018 per unit)
• 2026-07 — Atento—rent drops by -40% (cash flow effect): -R$ 267k/month (~-R$ 0.0019 per unit)
• 2026-08 — IPCA inflation adjustment for contracts expiring in August (BRF Bauru + BRF Guarulhos): +R$ 13–16k/month (~+R$ 0.0001 per unit)
• 2026-04 — CDB tenant delinquency RESOLVED—full payment in cash: +R$ 0.003 per unit/month (regularized revenue)

Income analysis

Sustainable DPU close to current levels; with the R$ 415M cash pile being deployed + extraordinary Santillana gains, it can sustain R$ 0.0836 or grow to R$ 0.085+ in 2H 2026

Are the dividends sustainable?

DPU of R$ 0.0836 per unit sustainable in the medium term—99.2% payout in Apr/26 with a mild surplus. With CDB delinquency regularized and R$ 415M in cash, immediate cut risk is low. Guidance floor of R$ 0.080–0.082 signals that with 164M units, the recurring floor is slightly below the current DPU—Santillana (+R$ 0.003 per unit/month for 30 months) and IPG installments offset the difference.

Monitoring points: (1) Atento lease renewed at a -40% reduction costing R$ 267k/month starting Jul/26; (2) allocation of the R$ 415M cash pile—the faster it is deployed, the more DPU grows; (3) retained earnings reserve of R$ 0.030 per unit (down from 0.043)—a smaller buffer requires more consistent results.

Cash technical status: slightly positive surplus (Apr/26)—reserves being slowly rebuilt.

Distribution guidance

For 1st Half 2026, the manager projects a distribution of R$ 0.08 to R$ 0.082 per unit per month.

Dividend yield projection

Current DY (12m): 9.48% · Projected DY: 9.6% · reference price R$ 9.97

Will ALZR11 keep the dividend?

DPU stable at R$ 0.0836 with mild dilution pressure (164M units vs. 127M). Guidance floor of R$ 0.080–0.082—extraordinary Santillana + IPG earnings support the current level.

12-month average payout of 0.962% · burn of R$ 0 per unit per month.

ALZR11 dividends in 2026

In 2026 ALZR11 paid R$ 0.59 per unit across 7 periods, averaging R$ 0.08 per month.

ALZR11 dividends in 2025

In 2025 ALZR11 paid R$ 3.1 per unit across 11 periods, averaging R$ 0.28 per month.

ALZR11 dividends in 2024

In 2024 ALZR11 paid R$ 9.16 per unit across 12 periods, averaging R$ 0.76 per month.

ALZR11 dividends in 2023

In 2023 ALZR11 paid R$ 9.82 per unit across 12 periods, averaging R$ 0.82 per month.

ALZR11 dividends in 2022

In 2022 ALZR11 paid R$ 8.46 per unit across 11 periods, averaging R$ 0.77 per month.

ALZR11 dividends in 2021

In 2021 ALZR11 paid R$ 7.27 per unit across 12 periods, averaging R$ 0.61 per month.

ALZR11 dividends in 2020

In 2020 ALZR11 paid R$ 5.7 per unit across 12 periods, averaging R$ 0.48 per month.

ALZR11 dividends in 2019

In 2019 ALZR11 paid R$ 6.28 per unit across 12 periods, averaging R$ 0.52 per month.

ALZR11 dividends in 2018

In 2018 ALZR11 paid R$ 7.45 per unit across 12 periods, averaging R$ 0.62 per month.

ALZR11 dividends in 2017

In 2017 ALZR11 paid R$ 0.04 per unit across 1 periods, averaging R$ 0.04 per month.

Payout by half-year

Frequently asked questions

What was ALZR11's latest dividend?

The latest income announced by ALZR11 was R$ 0.084 per unit, paid on 2026-08-25.

Does ALZR11 pay monthly dividends?

Yes, ALZR11 distributes income to unitholders every month. The month-by-month history — with period, amount per unit, payment date and DY — is in the table above.

What is ALZR11's dividend yield (DY)?

ALZR11's dividend yield is approximately 9.62% based on the income paid over the last 12 months.