GRUL11 Dividends — income history

Income history paid by Icatu Vanguarda GRU Logístico FII (GRUL11): record date, amount per unit, payment and dividend yield month by month.

Latest income: R$ 0.08 · paid on 2026-08-12 · 12m DY 11.21% · ≈ R$ 0.96/year

When does GRUL11 pay the next dividend?

  • 2026-08 — Annual IPCA inflation adjustment of standard leases: +R$ 80-100k/month in revenue post-adjustment
  • 2026-07 — End of management fee grace period (0.5% → 1.0%): -R$ 100k/month in expenses
  • 2032-06 — End of current GRU Airport concession — re-auction: Regulatory risk — fund leases may be renegotiated
  • 2062-02 — Expiration of warehouse exploitation concession: Termination of revenue generation from the primary asset

Income analysis

DPU stable at current level. Annual IPCA adjustment preserves real purchasing power, but does not raise nominal payouts. Thesis is defensive IPCA+ income.

Are the dividends sustainable?

The DPU of R$ 0.08/unit is slightly above real cash generation — the operation generates ~R$ 1.87M/month against distributions of R$ 1.98M/month (cash burn of R$ 100-130k monthly).

The net cash of R$ 3.7M covers ~31 months of cash burn at this pace, providing a comfortable margin for the manager to wait for IPCA inflation adjustments on leases to close the gap.

Technical status: burning cash in a controlled manner — no urgency, but unitholders should expect a stable DPU of R$ 0.08 with no chance of increase until annual adjustments raise revenues.

Distribution guidance

For 12 months (May/2026 to Apr/2027), the manager projects a distribution of R$ 0.08 to R$ 0.085 per unit per month.

Dividend yield projection

Current DY (12m): 11.36% · Projected DY: 11.36% · reference price R$ 8.06

Will GRUL11 keep the dividend?

Slight cash burn stabilized following the DPU cut in Aug/2025; manager signals maintenance of this level for 2026

12-month average payout of 1.054% · accumulated cash covers about 31.5 months of distributions · burn of R$ 0.0047 per unit per month.

GRUL11 dividends in 2026

In 2026 GRUL11 paid R$ 0.56 per unit across 7 periods, averaging R$ 0.08 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2026-07R$ 0.080.945%R$ 8.472026-07-312026-08-12
2026-06R$ 0.080.967%R$ 8.272026-06-302026-07-10
2026-05R$ 0.080.927%R$ 8.632026-05-292026-06-11
2026-04R$ 0.080.92%R$ 8.72026-04-302026-05-13
2026-03R$ 0.080.86%R$ 9.32026-04-13
2026-02R$ 0.080.906%R$ 8.832026-03-11
2026-01R$ 0.080.892%R$ 8.972026-02-11

GRUL11 dividends in 2025

In 2025 GRUL11 paid R$ 1.17 per unit across 12 periods, averaging R$ 0.1 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2025-12R$ 0.080.889%R$ 9.02026-01-13
2025-11R$ 0.080.974%R$ 8.212025-12-10
2025-10R$ 0.080.976%R$ 8.22025-11-12
2025-09R$ 0.080.966%R$ 8.282025-10-10
2025-08R$ 0.080.985%R$ 8.122025-09-10
2025-07R$ 0.111.378%R$ 7.982025-08-12
2025-06R$ 0.111.338%R$ 8.222025-07-10
2025-05R$ 0.111.343%R$ 8.192025-06-11
2025-04R$ 0.111.29%R$ 8.532025-05-13
2025-03R$ 0.111.333%R$ 8.252025-04-10
2025-02R$ 0.111.416%R$ 7.772025-03-14
2025-01R$ 0.111.493%R$ 7.372025-02-12

GRUL11 dividends in 2024

In 2024 GRUL11 paid R$ 0.53 per unit across 5 periods, averaging R$ 0.11 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2024-12R$ 0.121.554%R$ 7.722025-01-13
2024-11R$ 0.111.453%R$ 7.572024-12-11
2024-10R$ 0.111.257%R$ 8.752024-11-12
2024-09R$ 0.111.163%R$ 9.462024-10-10
2024-08R$ 0.082024-09-11

Payout by half-year

Half-yearPayoutRead
2º Sem 202495.2%fez_caixa
1º Sem 202595.5%fez_caixa
2º Sem 2025101.7%queimou_caixa
1º Sem 2026106.3%queimou_caixa

Frequently asked questions

What was GRUL11's latest dividend?

The latest income announced by GRUL11 was R$ 0.08 per unit, paid on 2026-08-12.

Does GRUL11 pay monthly dividends?

Yes, GRUL11 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 GRUL11's dividend yield (DY)?

GRUL11's dividend yield is approximately 11.21% based on the income paid over the last 12 months.

Is GRUL11 high yield?

With a DY near 11.21% per year, GRUL11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.