HGBS11 Dividends — income history

Income history paid by Hedge Brasil Shopping FII (HGBS11): record date, amount per unit, payment and dividend yield month by month.

Latest income: R$ 0.17 · paid on 2026-08-14 · 12m DY 8.83% · ≈ R$ 2.04/year

When does HGBS11 pay the next dividend?

  • 2026-2H — Conclusion of Jardim Sul sale + profit distribution: Estimated closing of the transaction in 2H/26. 60% of the price (R$ 76.8M) enters cash at closing, with proportional profit flowing into earnings and distribution.
  • 2026-2H — Conclusion of IFONH 18.375% sale + profit of R$ 0.37/unit: Schedule: R$ 27.6M (1H26) + R$ 18.0M (2H26) + R$ 2.4M (1H27). Profit distributed proportionally to installments. Following the sale, the position in IFONH is closed (24.8% p.a. IRR over 11 years).
  • 2026-2H — Closing of the 11th Offering: Public period of the offering following preemptive rights and leftovers. Expected fundraising between R$ 300M and R$ 664.7M. Proceeds allocated to indirect Parque D. Pedro stake.
  • 2026-12 — Partial CRI refinancing: R$ 35M in scheduled amortization in 2026 and R$ 22M in 2027. Refinancing depends on the interest rate curve — if the Selic rate drops to 11% (Focus survey), CRI spreads can be improved.

HGBS11 dividend summary

  • Consecutive Months: 230+
  • First Distribution: Dez/2006
  • Highest (Jan/24): R$ 0,175
  • Current recurring: R$ 0,17
  • Tendência: Crescente

Income analysis

DPU stabilized at R$ 0.17/unit with upside via Jardim Sul/IFONH sales profits (R$ 0.49/unit total). Next catalysts: completion of sales in 2H/26 and allocation of 11th offering proceeds.

Are the dividends sustainable?

The current DPU of R$ 0.17 is structurally sustainable based on the projected NOI of the shopping centers (sales/sqm +2.5% YoY, NOI/sqm +8.2% YoY) and cash generated from recycling. Points to monitor: (i) complete delivery of Jardim Sul/IFONH sales (7.7% cap rate if confirmed, profit of R$ 0.49/unit); (ii) success of the 11th offering; (iii) management of CRIs (R$ 4.2M/month in financial expense).

Distribution guidance

For 2026 (annual), the manager projects a distribution of R$ 0.17 to R$ 0.17 per unit per month.

Dividend yield projection

Current DY (12m): 9.2% · Projected DY: 9.78% · reference price R$ 18.6

Will HGBS11 keep the dividend?

Growing — DPU rose from R$ 0.15 (Jul/25-Jan/26) to R$ 0.17 (Feb-Mar/26). Guidance of R$ 0.17/unit for 2026 with upside of R$ 0.49 in profits from ongoing sales.

12-month average payout of 1.06%.

HGBS11 dividends in 2026

In 2026 HGBS11 paid R$ 1.04 per unit across 7 periods, averaging R$ 0.15 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2026-07R$ 0.170.887%R$ 19.162026-07-312026-08-14
2026-06R$ 0.172026-06-302026-07-14
2026-05R$ 0.170.848%R$ 20.052026-05-292026-06-15
2026-04R$ 0.170.818%R$ 20.782026-04-302026-05-15
2026-03R$ 0.030.143%R$ 20.992026-04-152026-04-22
2026-02R$ 0.170.826%R$ 20.58
2026-01R$ 0.160.8%R$ 20.0

HGBS11 dividends in 2025

In 2025 HGBS11 paid R$ 4.74 per unit across 12 periods, averaging R$ 0.4 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2025-12R$ 0.150.75%R$ 20.0
2025-11R$ 0.150.753%R$ 19.93
2025-10R$ 0.150.753%R$ 19.92
2025-09R$ 0.150.733%R$ 20.45
2025-08R$ 0.150.787%R$ 19.05
2025-07R$ 0.150.806%R$ 18.6
2025-06R$ 0.160.804%R$ 19.9
2025-05R$ 0.160.799%R$ 20.02
2025-04R$ 0.160.811%R$ 19.74
2025-03R$ 0.160.817%R$ 19.58
2025-02R$ 1.68.909%R$ 17.962025-02-282025-03-18
2025-01R$ 1.69.039%R$ 17.72025-01-312025-02-14

HGBS11 dividends in 2024

In 2024 HGBS11 paid R$ 20.1 per unit across 12 periods, averaging R$ 1.68 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2024-12R$ 1.68.598%R$ 18.612024-12-302025-01-15
2024-11R$ 1.68.29%R$ 19.32024-11-292024-12-13
2024-10R$ 1.68.091%R$ 19.772024-10-312024-11-14
2024-09R$ 1.67.867%R$ 20.342024-09-302024-10-14
2024-08R$ 1.67.543%R$ 21.212024-08-302024-09-13
2024-07R$ 1.67.449%R$ 21.482024-07-312024-08-14
2024-06R$ 1.758.264%R$ 21.182024-06-282024-07-12
2024-05R$ 1.758.009%R$ 21.852024-05-312024-06-14
2024-04R$ 1.757.858%R$ 22.272024-04-302024-05-15
2024-03R$ 1.757.646%R$ 22.892024-03-282024-04-12
2024-02R$ 1.757.622%R$ 22.962024-02-292024-03-14
2024-01R$ 1.757.659%R$ 22.852024-01-312024-02-16

HGBS11 dividends in 2023

In 2023 HGBS11 paid R$ 20.1 per unit across 12 periods, averaging R$ 1.68 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2023-12R$ 2.08.667%R$ 23.072023-12-282024-01-15
2023-11R$ 2.08.96%R$ 22.322023-11-302023-12-14
2023-10R$ 2.08.748%R$ 22.862023-10-312023-11-16
2023-09R$ 2.08.621%R$ 23.22023-09-292023-10-16
2023-08R$ 2.08.642%R$ 23.142023-08-312023-09-15
2023-07R$ 1.556.876%R$ 22.542023-07-312023-08-14
2023-06R$ 1.456.658%R$ 21.782023-06-302023-07-14
2023-05R$ 1.456.985%R$ 20.762023-05-312023-06-15
2023-04R$ 1.457.346%R$ 19.742023-04-282023-05-15
2023-03R$ 1.47.68%R$ 18.232023-03-312023-04-17
2023-02R$ 1.47.713%R$ 18.152023-02-282023-03-14
2023-01R$ 1.47.613%R$ 18.392023-01-312023-02-14

HGBS11 dividends in 2022

In 2022 HGBS11 paid R$ 15.4 per unit across 12 periods, averaging R$ 1.28 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2022-12R$ 1.47.367%R$ 19.02022-12-292023-01-13
2022-11R$ 1.47.34%R$ 19.072022-11-302022-12-14
2022-10R$ 1.356.48%R$ 20.832022-10-312022-11-16
2022-09R$ 1.356.254%R$ 21.592022-09-302022-10-17
2022-08R$ 1.36.05%R$ 21.492022-08-312022-09-15
2022-07R$ 1.37.135%R$ 18.222022-07-292022-08-12
2022-06R$ 1.48.086%R$ 17.312022-06-302022-07-14
2022-05R$ 1.256.966%R$ 17.952022-05-312022-06-14
2022-04R$ 1.26.749%R$ 17.782022-04-292022-05-13
2022-03R$ 1.156.375%R$ 18.042022-03-312022-04-14
2022-02R$ 1.156.866%R$ 16.752022-02-252022-03-15
2022-01R$ 1.156.911%R$ 16.642022-01-312022-02-14

HGBS11 dividends in 2021

In 2021 HGBS11 paid R$ 8.55 per unit across 12 periods, averaging R$ 0.71 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2021-12R$ 1.15.735%R$ 19.182021-12-302022-01-14
2021-11R$ 1.056.612%R$ 15.882021-11-302021-12-14
2021-10R$ 0.95.003%R$ 17.992021-10-292021-11-16
2021-09R$ 0.854.671%R$ 18.22021-09-302021-10-15
2021-08R$ 0.753.986%R$ 18.822021-08-312021-09-15
2021-07R$ 0.653.268%R$ 19.892021-07-302021-08-13
2021-06R$ 0.52.485%R$ 20.122021-06-302021-07-15
2021-05R$ 0.351.747%R$ 20.032021-05-312021-06-15
2021-04R$ 0.41.963%R$ 20.382021-04-302021-05-14
2021-03R$ 0.41.972%R$ 20.292021-03-312021-04-15
2021-02R$ 0.83.814%R$ 20.982021-02-262021-03-12
2021-01R$ 0.83.7%R$ 21.622021-01-292021-02-12

HGBS11 dividends in 2020

In 2020 HGBS11 paid R$ 7.21 per unit across 12 periods, averaging R$ 0.6 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2020-12R$ 0.663.056%R$ 21.62020-12-302021-01-15
2020-11R$ 0.62.87%R$ 20.912020-11-302020-12-14
2020-10R$ 0.41.925%R$ 20.782020-10-302020-11-16
2020-09R$ 0.31.421%R$ 21.112020-09-302020-10-15
2020-08R$ 0.251.18%R$ 21.192020-08-312020-09-15
2020-07R$ 0.251.233%R$ 20.282020-07-312020-08-14
2020-06R$ 0.351.633%R$ 21.442020-06-302020-07-14
2020-05R$ 0.351.726%R$ 20.282020-05-292020-06-15
2020-04R$ 0.351.652%R$ 21.192020-04-302020-05-15
2020-03R$ 0.94.112%R$ 21.892020-03-312020-04-15
2020-02R$ 1.44.985%R$ 28.082020-02-282020-03-13
2020-01R$ 1.44.844%R$ 28.92020-01-312020-02-14

HGBS11 dividends in 2019

In 2019 HGBS11 paid R$ 14.22 per unit across 12 periods, averaging R$ 1.18 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2019-12R$ 1.44.67%R$ 29.982019-12-302020-01-15
2019-11R$ 1.44.881%R$ 28.682019-11-292019-12-13
2019-10R$ 1.45.021%R$ 27.882019-10-312019-11-14
2019-09R$ 0.572.239%R$ 25.452019-09-302019-10-14
2019-08R$ 0.431.687%R$ 25.482019-08-302019-09-13
2019-07R$ 1.45.583%R$ 25.072019-07-312019-08-14
2019-06R$ 2.07.76%R$ 25.772019-06-282019-07-15
2019-05R$ 1.45.388%R$ 25.982019-05-312019-06-14
2019-04R$ 1.45.478%R$ 25.552019-04-302019-05-15
2019-03R$ 0.873.43%R$ 25.362019-03-292019-04-12
2019-02R$ 0.552.201%R$ 24.982019-02-282019-03-18
2019-01R$ 1.45.874%R$ 23.842019-01-312019-02-14

HGBS11 dividends in 2018

In 2018 HGBS11 paid R$ 11.07 per unit across 9 periods, averaging R$ 1.23 per month.

PeriodIncome/unitMonthly DYBase priceEx-datePayment
2018-12R$ 1.526.39%R$ 23.792018-12-312019-01-15
2018-11R$ 1.356.103%R$ 22.122018-11-302018-12-14
2018-10R$ 1.155.392%R$ 21.332018-10-312018-11-16
2018-09R$ 1.155.69%R$ 20.212018-09-282018-10-15
2018-08R$ 1.155.806%R$ 19.812018-08-312018-09-17
2018-07R$ 1.155.783%R$ 19.892018-07-312018-08-14
2018-06R$ 1.25.874%R$ 20.432018-06-292018-07-13
2018-05R$ 1.25.255%R$ 22.842018-05-302018-06-14
2018-04R$ 1.24.921%R$ 24.392018-04-302018-05-15

Payout by half-year

Half-yearPayoutRead
1º Sem 202697.2%fez_caixa

Frequently asked questions

What was HGBS11's latest dividend?

The latest income announced by HGBS11 was R$ 0.17 per unit, paid on 2026-08-14.

Does HGBS11 pay monthly dividends?

Yes, HGBS11 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 HGBS11's dividend yield (DY)?

HGBS11's dividend yield is approximately 8.83% based on the income paid over the last 12 months.