TGAR11 Dividends — income history

Income history paid by TG Ativo Real FII (TGAR11): record date, amount per unit, payment and dividend yield month by month.

Latest income: R$ 0.72 · paid on 2026-08-14 · 12m DY 13.57% · ≈ R$ 8.64/year

When does TGAR11 pay the next dividend?

2026-08 — Earnings webcast with the manager (Aug 27, 2026): Segundo webcast do ano, marcado para 27/08/2026, às 19h , no canal da gestora no YouTube. É a primeira oportunidade pública de o gestor explicar a queda da receita semestral e o destino do capital reciclado nas duas vend
2026-01 — CRI maturities already passed: New York Fortaleza (Dec/25) and Cumaru Golf (Jan/26): Corrected on August 11, 2026: these two maturities have already passed — New York Fortaleza on December 24, 2025, and Cumaru Golf on January 20, 2026. The record was dated 2026-07 with a positive impact of R$ 0.05/unit,
2026-04 — Launch of Urbic Signature Jardins (SP) — leaves the landbank: Real estate development project in São Paulo (1.0% of NAV) scheduled for launch in Apr/2026 — a date that has passed, with no confirmation in subsequent reports. Start of the construction and sales cycle: no short-term i
2026-10 — 2026 Presidential Election — fiscal scenario definition: In October 2026, the 1st round of the presidential elections takes place. The political outcome directly impacts the real estate sector (rates, housing programs, monetary policy). Potential catalyst for a drop in Selic a
2026-09 — Risk of another DPU cut if sales worsen: The fund distributed R$ 0.72 and generated R$ 0.67 in cash per unit in Jun/2026, with undistributed earnings reserves at R$ 0.06/unit and cash on hand at R$ 4.87M against R$ 16.97M in declared distributions. The guidance

TGAR11 dividend summary

12m High (Mar-Nov/25): R$ 1,00
12m Low (Jan/26): R$ 0,71
First Dividend: Jul/2017
Total 12M: R$ 11,43
Current trend: Sideways at the floor

Income analysis

R$ 0.72/month for 6 months (Jan R$ 0.71), covered by cash in the last 3 (Mar 0.63 / Apr 0.76 / May 0.75) with reaffirmed guidance of R$ 0.70-1.00. Realistic modeling floor: R$ 0.60-0.65 (recurring ex-recycling). At R$ 50.41, any point in the R$ 0.55-0.72 range delivers ≥ 1.0%/month.

Are the dividends sustainable?

There are two accounts here and they tell different stories. Based on the cash result in the Management Report, 1H26 generated R$ 4.23/unit and the fund distributed R$ 4.31 — paying out R$ 0.08 more than cash inflow, with June alone accounting for almost all of it (R$ 0.67 vs R$ 0.72). Based on the economic result, which includes net asset appreciation, 1H26 generated R$ 0.938/unit/month and distributed R$ 0.718: a 77% payout, with retention. The difference is the amount held in the SPVs until sold units are collected — in subdivision projects, this takes years. For comparison, in 2025 the fund generated R$ 0.297/month in economic results and distributed R$ 1.00: a 337% payout, funded by its own equity. The remaining risk is not the fund paying out more than it produces; it is the R$ 0.06/unit cash reserve, which offers zero cushion if a month comes in weak.

Distribution guidance

For ano de 2026, the manager projects a distribution of R$ 0.7 to R$ 1.0 per unit per month.

Dividend yield projection

Current DY (12m): 21.01% · Projected DY: 15.0% · reference price R$ 43.9

Will TGAR11 keep the dividend?

12-month average payout of 1.0%.

TGAR11 dividends in 2026

In 2026 TGAR11 paid R$ 5.03 per unit across 7 periods, averaging R$ 0.72 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2026-07	R$ 0.72	1.417%	R$ 50.8	2026-07-31	2026-08-14
2026-06	R$ 0.72	1.351%	R$ 53.28	2026-06-30	2026-07-14
2026-05	R$ 0.72	1.205%	R$ 59.77	2026-05-29	2026-06-15
2026-04	R$ 0.72	1.058%	R$ 68.04	2026-04-30	2026-05-15
2026-03	R$ 0.72	1.009%	R$ 71.37	—	2026-04-15
2026-02	R$ 0.72	0.899%	R$ 80.11	2026-02-27	2026-03-13
2026-01	R$ 0.71	0.907%	R$ 78.25	2026-01-30	2026-02-13

TGAR11 dividends in 2025

In 2025 TGAR11 paid R$ 12.0 per unit across 12 periods, averaging R$ 1.0 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2025-12	R$ 1.0	1.085%	R$ 92.2	—	2026-01-15
2025-11	R$ 1.0	1.145%	R$ 87.32	—	2025-12-12
2025-10	R$ 1.0	1.163%	R$ 85.99	—	2025-11-14
2025-09	R$ 1.0	1.172%	R$ 85.3	—	2025-10-14
2025-08	R$ 1.0	1.163%	R$ 86.0	—	2025-09-12
2025-07	R$ 1.0	1.18%	R$ 84.75	—	2025-08-14
2025-06	R$ 1.0	1.127%	R$ 88.72	—	2025-07-14
2025-05	R$ 1.0	1.141%	R$ 87.65	—	2025-06-13
2025-04	R$ 1.0	1.111%	R$ 90.0	—	2025-05-15
2025-03	R$ 1.0	1.145%	R$ 87.3	—	2025-04-14
2025-02	R$ 1.0	1.168%	R$ 85.62	—	2025-03-18
2025-01	R$ 1.0	1.325%	R$ 75.5	—	2025-02-14

TGAR11 dividends in 2024

In 2024 TGAR11 paid R$ 14.88 per unit across 12 periods, averaging R$ 1.24 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2024-12	R$ 1.1	1.269%	R$ 86.71	—	2025-01-15
2024-11	R$ 1.15	1.294%	R$ 88.9	—	2024-12-13
2024-10	R$ 1.15	1.189%	R$ 96.73	—	2024-11-14
2024-09	R$ 1.14	1.099%	R$ 103.71	—	2024-10-14
2024-08	R$ 1.12	0.955%	R$ 117.3	—	2024-09-13
2024-07	R$ 1.22	1.036%	R$ 117.71	—	2024-08-14
2024-06	R$ 1.33	1.11%	R$ 119.85	—	2024-07-12
2024-05	R$ 1.35	1.097%	R$ 123.1	—	2024-06-14
2024-04	R$ 1.34	1.082%	R$ 123.84	—	2024-05-15
2024-03	R$ 1.33	1.056%	R$ 125.96	—	2024-04-12
2024-02	R$ 1.33	1.055%	R$ 126.09	—	2024-03-14
2024-01	R$ 1.32	1.094%	R$ 120.6	—	2024-02-16

TGAR11 dividends in 2023

In 2023 TGAR11 paid R$ 16.49 per unit across 12 periods, averaging R$ 1.37 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2023-12	R$ 1.32	1.094%	R$ 120.6	—	2024-01-15
2023-11	R$ 1.43	1.186%	R$ 120.6	—	2023-12-14
2023-10	R$ 1.45	1.202%	R$ 120.6	—	2023-11-16
2023-09	R$ 1.43	1.186%	R$ 120.6	—	2023-10-16
2023-08	R$ 1.42	1.177%	R$ 120.6	—	2023-09-15
2023-07	R$ 1.4	1.161%	R$ 120.6	—	2023-08-14
2023-06	R$ 1.38	1.144%	R$ 120.6	—	2023-07-14
2023-05	R$ 1.36	1.128%	R$ 120.6	—	2023-06-15
2023-04	R$ 1.35	1.119%	R$ 120.6	—	2023-05-15
2023-03	R$ 1.34	1.111%	R$ 120.6	—	2023-04-17
2023-02	R$ 1.31	1.086%	R$ 120.6	—	2023-03-14
2023-01	R$ 1.3	1.078%	R$ 120.6	—	2023-02-08

TGAR11 dividends in 2022

In 2022 TGAR11 paid R$ 17.3 per unit across 12 periods, averaging R$ 1.44 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2022-12	R$ 1.3	1.078%	R$ 120.6	—	2023-01-09
2022-11	R$ 1.5	1.244%	R$ 120.6	—	2022-12-08
2022-10	R$ 1.55	1.285%	R$ 120.6	—	2022-11-09
2022-09	R$ 1.59	1.318%	R$ 120.6	—	2022-10-10
2022-08	R$ 1.59	1.318%	R$ 120.6	—	2022-09-09
2022-07	R$ 1.58	1.31%	R$ 120.6	—	2022-08-08
2022-06	R$ 1.57	1.302%	R$ 120.6	—	2022-07-08
2022-05	R$ 1.53	1.269%	R$ 120.6	—	2022-06-08
2022-04	R$ 1.44	1.194%	R$ 120.6	—	2022-05-09
2022-03	R$ 1.27	1.053%	R$ 120.6	—	2022-04-08
2022-02	R$ 1.22	1.012%	R$ 120.6	—	2022-03-09
2022-01	R$ 1.16	0.962%	R$ 120.6	—	2022-02-08

TGAR11 dividends in 2021

In 2021 TGAR11 paid R$ 11.87 per unit across 12 periods, averaging R$ 0.99 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2021-12	R$ 1.23	1.02%	R$ 120.6	—	2022-01-10
2021-11	R$ 1.22	1.012%	R$ 120.6	—	2021-12-08
2021-10	R$ 1.2	0.995%	R$ 120.6	—	2021-11-09
2021-09	R$ 1.11	0.92%	R$ 120.6	—	2021-10-08
2021-08	R$ 1.1	0.912%	R$ 120.6	—	2021-09-09
2021-07	R$ 1.08	0.895%	R$ 120.6	—	2021-08-09
2021-06	R$ 1.11	0.92%	R$ 120.6	—	2021-07-08
2021-05	R$ 0.01	0.008%	R$ 120.6	—	2021-06-09
2021-04	R$ 1.26	1.045%	R$ 120.6	—	2021-05-10
2021-03	R$ 1.3	1.078%	R$ 120.6	—	2021-04-09
2021-02	R$ 1.15	0.954%	R$ 120.6	—	2021-03-08
2021-01	R$ 0.1	0.083%	R$ 120.6	—	2021-02-12

TGAR11 dividends in 2020

In 2020 TGAR11 paid R$ 10.94 per unit across 12 periods, averaging R$ 0.91 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2020-12	R$ 0.12	0.099%	R$ 120.6	—	2021-01-12
2020-11	R$ 1.12	0.929%	R$ 120.6	—	2020-12-08
2020-10	R$ 1.1	0.912%	R$ 120.6	—	2020-11-10
2020-09	R$ 1.0	0.829%	R$ 120.6	—	2020-10-08
2020-08	R$ 1.09	0.904%	R$ 120.6	—	2020-09-08
2020-07	R$ 1.14	0.945%	R$ 120.6	—	2020-08-10
2020-06	R$ 1.23	1.02%	R$ 120.6	—	2020-07-08
2020-05	R$ 1.25	1.036%	R$ 120.6	—	2020-06-08
2020-04	R$ 0.8	0.663%	R$ 120.6	—	2020-05-11
2020-03	R$ 0.82	0.68%	R$ 120.6	—	2020-04-08
2020-02	R$ 0.7	0.58%	R$ 120.6	—	2020-03-09
2020-01	R$ 0.57	0.473%	R$ 120.6	—	2020-02-10

TGAR11 dividends in 2019

In 2019 TGAR11 paid R$ 10.91 per unit across 12 periods, averaging R$ 0.91 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2019-12	R$ 1.35	1.119%	R$ 120.6	—	2020-01-08
2019-11	R$ 0.99	0.821%	R$ 120.6	—	2019-12-09
2019-10	R$ 0.93	0.771%	R$ 120.6	—	2019-11-08
2019-09	R$ 0.9	0.746%	R$ 120.6	—	2019-10-08
2019-08	R$ 0.86	0.713%	R$ 120.6	—	2019-09-09
2019-07	R$ 0.8	0.663%	R$ 120.6	—	2019-08-08
2019-06	R$ 1.01	0.837%	R$ 120.6	—	2019-07-08
2019-05	R$ 0.85	0.705%	R$ 120.6	—	2019-06-10
2019-04	R$ 0.83	0.688%	R$ 120.6	—	2019-05-09
2019-03	R$ 0.8	0.663%	R$ 120.6	—	2019-04-12
2019-02	R$ 0.84	0.696%	R$ 120.6	—	2019-03-18
2019-01	R$ 0.75	0.622%	R$ 120.6	—	2019-02-14

TGAR11 dividends in 2018

In 2018 TGAR11 paid R$ 9.69 per unit across 12 periods, averaging R$ 0.81 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2018-12	R$ 1.13	0.937%	R$ 120.6	—	2019-01-15
2018-11	R$ 1.01	0.837%	R$ 120.6	—	2018-12-14
2018-10	R$ 0.65	0.539%	R$ 120.6	—	2018-11-16
2018-09	R$ 0.75	0.622%	R$ 120.6	—	2018-10-17
2018-08	R$ 0.49	0.409%	R$ 119.91	—	2018-09-17
2018-07	R$ 0.75	0.632%	R$ 118.6	—	2018-08-14
2018-06	R$ 0.83	0.707%	R$ 117.43	—	2018-07-13
2018-05	R$ 0.8	0.686%	R$ 116.61	—	2018-06-14
2018-04	R$ 0.82	0.708%	R$ 115.78	—	2018-05-15
2018-03	R$ 0.83	0.732%	R$ 113.42	—	2018-04-13
2018-02	R$ 0.75	0.66%	R$ 113.62	—	2018-03-14
2018-01	R$ 0.88	0.775%	R$ 113.52	—	2018-02-16

TGAR11 dividends in 2017

In 2017 TGAR11 paid R$ 5.46 per unit across 6 periods, averaging R$ 0.91 per month.

Period	Income/unit	Monthly DY	Base price	Ex-date	Payment
2017-12	R$ 0.78	0.688%	R$ 113.32	—	2018-01-16
2017-11	R$ 0.78	0.692%	R$ 112.68	—	2017-12-14
2017-10	R$ 0.9	0.815%	R$ 110.44	—	2017-11-16
2017-09	R$ 0.9	0.824%	R$ 109.22	—	2017-10-16
2017-08	R$ 1.1	1.008%	R$ 109.1	—	2017-09-15
2017-07	R$ 1.0	0.914%	R$ 109.44	—	2017-08-14

Payout by half-year

Half-year	Payout	Read
1º Sem 2025	100.5%	equilibrio
2º Sem 2025	98.2%	fez_caixa
1º Sem 2026	102.4%	queimou_caixa

Frequently asked questions

What was TGAR11's latest dividend?

The latest income announced by TGAR11 was R$ 0.72 per unit, paid on 2026-08-14.

Does TGAR11 pay monthly dividends?

Yes, TGAR11 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 TGAR11's dividend yield (DY)?

TGAR11's dividend yield is approximately 13.57% based on the income paid over the last 12 months.

Is TGAR11 high yield?

With a DY near 13.57% per year, TGAR11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.