IAAG11 Dividends — income history

When does IAAG11 pay the next dividend?

• 2026-09 — Delinquency risk due to El Niño in the 2026/27 harvest: El Niño with a probability of >90% in H2 2026 may affect rural producers with compromised harvests. Grain and sugarcane debtors have higher exposure. Potential delinquency could temporarily compress the DPU to R$ 0.10-0.
• 2026-12 — Portfolio recycling with widened spreads — potential upside: With a 16.6% cash position and widened agribusiness credit spreads, the manager has the opportunity to allocate to CRAs with higher carry (CDI+4% to CDI+5% vs. current CDI+3%). Successful recycling can raise gross carry

Income analysis

DPU maintained at R$ 0.12/unit with CDI+3% carry. El Niño and pressure on agribusiness debtors are the main risks over a 6-12 month horizon.

Are the dividends sustainable?

The DPU of R$ 0.12/unit is largely supported by portfolio carry, though there are months where cash earnings fell below the distribution (April 2026 with a 1.47x payout). The high cash position of R$ 16.7M acts as a buffer.

Positive point: May 2026 returned to balance (0.93x payout), suggesting April was an isolated event. The short duration of the CRAs (1.6 years) ensures frequent portfolio recycling.

Main risk: delinquency by a concentrated debtor (>5% of net assets) could temporarily compress the DPU to R$ 0.10-0.11/unit.

Distribution guidance

For next 6 months, the manager projects a distribution of R$ 0.11 to R$ 0.13 per unit per month.

Dividend yield projection

Current DY (12m): 17.31% · Projected DY: 17.31% · reference price R$ 7.13

Will IAAG11 keep the dividend?

DPU stable at R$ 0.12/unit with an increase to R$ 0.13 in Dec/25 and Jan/26. Return to R$ 0.12 in Feb/26.

12-month average payout of 1.04% · burn of R$ 0.005 per unit per month.

IAAG11 dividends in 2026

In 2026 IAAG11 paid R$ 0.82 per unit across 7 periods, averaging R$ 0.12 per month.

IAAG11 dividends in 2025

In 2025 IAAG11 paid R$ 1.33 per unit across 12 periods, averaging R$ 0.11 per month.

IAAG11 dividends in 2024

In 2024 IAAG11 paid R$ 1.22 per unit across 12 periods, averaging R$ 0.1 per month.

IAAG11 dividends in 2023

In 2023 IAAG11 paid R$ 0.47 per unit across 6 periods, averaging R$ 0.08 per month.

Payout by half-year

Frequently asked questions

What was IAAG11's latest dividend?

The latest income announced by IAAG11 was R$ 0.1 per unit, paid on 2026-08-14.

Does IAAG11 pay monthly dividends?

Yes, IAAG11 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 IAAG11's dividend yield (DY)?

IAAG11's dividend yield is approximately 17.14% based on the income paid over the last 12 months.

Is IAAG11 high yield?

With a DY near 17.14% per year, IAAG11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.