FGAA11 Dividends — income history

When does FGAA11 pay the next dividend?

• 2026-05 — Café Brasil Creditors' Meeting (~2% remaining of delinquent balance): Marginal — asset represents 1.65% of net assets
• 2026-08 — Resolution of the ~5% net asset borrower (restructuring): If replenishment does not occur, provisioning is possible; if paid: neutral
• 2026-09-24 — Conclusion of buyback program (up to 10% of units): Accretive: up to +R$ 0.01/unit for every 1% of units canceled
• 2026-12 — Café Brasil CRA Maturity: Marginal — small asset size
• 2027-01 — Downward pressure from Selic rate cutting cycle (Focus survey projects 11% in 12 months): DPU is expected to decline to R$ 0.10–0.11 over the course of 2027

FGAA11 dividend summary

• Current (June/26): R$ 0,11
• Total 12m: R$ 1,405
• % retained (March/26): R$ 0.019/unit → R$ 874k
• 12-month trend: Stable → slight decline

Income analysis

The DPU of R$ 0.11/unit is likely to be sustained in the short term (3-6 months), supported by reserves of R$ 0.122/unit. Over the medium term (12-18 months), the Selic easing cycle combined with short duration creates structural downward pressure toward R$ 0.10/unit in 2027.

Are the dividends sustainable?

The DPU of R$ 0.11/unit is structurally sustainable. The manager maintains a distribution policy in the R$ 0.11–0.12 range with positive cash generation and a growing retained earnings reserve (R$ 0.122/unit in May/26), which cushions volatility. In May/26, the fund sold R$ 32.9M in assets (entire UISA position and part of Alcoeste) and held ~R$ 42M in cash — a temporarily high level that management states it can manage without harming distributions, with ~R$ 35M already being structured into proprietary originations for July-August/2026. The medium-term inflection point is the Selic rate cutting cycle (Focus survey projects 11% in 12 months): with an average duration of just 1.97 years and 100% CDI exposure, maturing assets are reinvested at lower spreads, and DPU is expected to decline gradually. Base case for 2027: R$ 0.10–0.11/unit.

Distribution guidance

For next 6 months, the manager projects a distribution of R$ 0.11 to R$ 0.12 per unit per month.

Dividend yield projection

Current DY (12m): 16.47% · Projected DY: 15.5% · reference price R$ 7.8

Will FGAA11 keep the dividend?

Stable at R$ 0.11/unit since April/2026 (-8.3% vs R$ 0.12). Medium-term structural downward pressure as the Selic rate declines.

12-month average payout of 1.0751% · burn of R$ 0 per unit per month.

FGAA11 dividends in 2026

In 2026 FGAA11 paid R$ 0.8 per unit across 7 periods, averaging R$ 0.11 per month.

FGAA11 dividends in 2025

In 2025 FGAA11 paid R$ 1.41 per unit across 12 periods, averaging R$ 0.12 per month.

FGAA11 dividends in 2024

In 2024 FGAA11 paid R$ 1.25 per unit across 12 periods, averaging R$ 0.1 per month.

FGAA11 dividends in 2023

In 2023 FGAA11 paid R$ 1.53 per unit across 12 periods, averaging R$ 0.13 per month.

FGAA11 dividends in 2022

In 2022 FGAA11 paid R$ 1.73 per unit across 12 periods, averaging R$ 0.14 per month.

Payout by half-year

Frequently asked questions

What was FGAA11's latest dividend?

The latest income announced by FGAA11 was R$ 0.11 per unit, paid on 2026-08-14.

Does FGAA11 pay monthly dividends?

Yes, FGAA11 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 FGAA11's dividend yield (DY)?

FGAA11's dividend yield is approximately 15.94% based on the income paid over the last 12 months.

Is FGAA11 high yield?

With a DY near 15.94% per year, FGAA11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.