VGIR11 Dividends — income history

When does VGIR11 pay the next dividend?

• 2026-07 — Semiannual performance fee payment: A provision of R$ 2.3M in Mar/2026 (referring to performance above the CDI for the half-year) will be paid in Jul/2026 — marginally affecting that month's DPU.
• 2026-09 — Start of projected Selic decline: Focus baseline scenario: Selic at 11% in 12 months. Gradual decline starting Sep/2026 should begin to compress DPU proportionally — DPU may fall from R$ 0.13 to R$ 0.11–0.12 by Apr/2027.
• 2027-01 — Semiannual performance fee payment (Jan/27): Next performance fee payment event — occurs only if the portfolio outperforms the CDI in 2H2026.

Income analysis

Current DPU of R$ 0.13/month is sustained while the Selic is at 14.75%. With the rate-cut cycle projected to start in 2H2026, the trend is a gradual compression to R$ 0.11–0.12/month over 12 months.

Are the dividends sustainable?

The current DPU is sustainable as long as the Selic rate remains elevated. Management demonstrates discipline: it distributes what it generates (February report shows distribution = period earnings in all recent months), setting aside performance fees to be paid in July. Point of attention: the projected drop in the Selic to 11% over 12 months (Focus) is expected to compress the DPU proportionally to R$ 0.107–0.11 — this is not financial unsustainability, it is the math of the CDI. Future DPU depends on the future CDI, and the portfolio has a short duration (1.9 years) to allow for recycling into CRIs with wider spreads as the cycle inverts.

Distribution guidance

For next 6 months, the manager projects a distribution of R$ 0.115 to R$ 0.135 per unit per month.

Dividend yield projection

Current DY (12m): 15.63% · Projected DY: 14.5% · reference price R$ 9.43

Will VGIR11 keep the dividend?

Flat DPU at R$ 0.13/month since Mar/2025 (13 months). Typical linearity for CDI+ paper under a stable Selic.

Burn of R$ 0 per unit per month.

VGIR11 dividends in 2026

In 2026 VGIR11 paid R$ 0.98 per unit across 8 periods, averaging R$ 0.12 per month.

VGIR11 dividends in 2025

In 2025 VGIR11 paid R$ 1.49 per unit across 12 periods, averaging R$ 0.12 per month.

VGIR11 dividends in 2024

In 2024 VGIR11 paid R$ 1.27 per unit across 12 periods, averaging R$ 0.11 per month.

VGIR11 dividends in 2023

In 2023 VGIR11 paid R$ 1.45 per unit across 12 periods, averaging R$ 0.12 per month.

VGIR11 dividends in 2022

In 2022 VGIR11 paid R$ 1.56 per unit across 12 periods, averaging R$ 0.13 per month.

VGIR11 dividends in 2021

In 2021 VGIR11 paid R$ 0.74 per unit across 12 periods, averaging R$ 0.06 per month.

VGIR11 dividends in 2020

In 2020 VGIR11 paid R$ 0.57 per unit across 12 periods, averaging R$ 0.05 per month.

VGIR11 dividends in 2019

In 2019 VGIR11 paid R$ 1.13 per unit across 12 periods, averaging R$ 0.09 per month.

VGIR11 dividends in 2018

In 2018 VGIR11 paid R$ 0.35 per unit across 5 periods, averaging R$ 0.07 per month.

Payout by half-year

Frequently asked questions

What was VGIR11's latest dividend?

The latest income announced by VGIR11 was R$ 0.13 per unit, paid on 2026-08-19.

Does VGIR11 pay monthly dividends?

Yes, VGIR11 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 VGIR11's dividend yield (DY)?

VGIR11's dividend yield is approximately 15.61% based on the income paid over the last 12 months.

Is VGIR11 high yield?

With a DY near 15.61% per year, VGIR11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.