XPSF11 Dividends — income history

When does XPSF11 pay the next dividend?

• 2026-06 — Possible expansion to 15-20% in direct CRIs: Cash position of R$ 14M following the Econ prepayment expands dry powder for reallocation. Management signals a preference for paper/hybrid FIIs in 2026 — implicit target of 15-20% of net assets in CRIs by year-end (curr
• 2026-09 — Selic projected at 13.25% (Focus survey): Focus economic survey projects the Selic rate at 13.25% at year-end 2026. A 125 bps decline starting in Apr/26 (from 14.5% currently). The fund of funds (FoF) benefits directly from the repricing of its portfolio FIIs.
• 2027-08 — Maturity of the HBR Pedroso CRI (1.1% of net assets): HBR CRI matures in Aug/2027 — full principal repayment.
• 2029-09 — Maturity of the Embraed CRI (0.4% of net assets): Embraed CRI matures in Sep/2029 — full principal repayment expected.

Income analysis

DPU is expected to hold between R$ 0.065-0.075/month in 2026. The primary driver of total return is not the DPU, but potential capital gains from the closing of the double discount (P/BV of 0.83 + portfolio FIIs trading at 88% of book value) alongside falling Selic rates.

Are the dividends sustainable?

The DPU of R$ 0.07/month bears monitoring. In May/2026, earnings per unit (R$ 0.066) fell below the DPU (R$ 0.070) clearly for the first time — 101% payout. The manager preserved cash without realizing capital gains in May/26. Cash of ~R$ 12M (~R$ 0.28/unit) provides a cushion for 1-2 months of deficit without adjusting the DPU. Risk of a cut to R$ 0.065 exists if the macro environment deteriorates (IPCA 5%, Selic rates failing to drop). The 8 direct CRIs (CDI+1.74%) deliver stable carry of ~R$ 0.013/unit/month which supports this level.

Distribution guidance

For next 12 months, the manager projects a distribution of R$ 0.065 to R$ 0.075 per unit per month.

Dividend yield projection

Current DY (12m): 13.61% · Projected DY: 12.8% · reference price R$ 5.83

Will XPSF11 keep the dividend?

12-month average payout of 1.0% · accumulated cash covers about 92 months of distributions · burn of R$ 0.003 per unit per month.

XPSF11 dividends in 2026

In 2026 XPSF11 paid R$ 0.49 per unit across 7 periods, averaging R$ 0.07 per month.

XPSF11 dividends in 2025

In 2025 XPSF11 paid R$ 0.76 per unit across 12 periods, averaging R$ 0.06 per month.

XPSF11 dividends in 2024

In 2024 XPSF11 paid R$ 0.87 per unit across 12 periods, averaging R$ 0.07 per month.

XPSF11 dividends in 2023

In 2023 XPSF11 paid R$ 0.91 per unit across 12 periods, averaging R$ 0.08 per month.

XPSF11 dividends in 2022

In 2022 XPSF11 paid R$ 3.25 per unit across 12 periods, averaging R$ 0.27 per month.

XPSF11 dividends in 2021

In 2021 XPSF11 paid R$ 8.85 per unit across 12 periods, averaging R$ 0.74 per month.

XPSF11 dividends in 2020

In 2020 XPSF11 paid R$ 0.7 per unit across 1 periods, averaging R$ 0.7 per month.

Payout by half-year

Frequently asked questions

What was XPSF11's latest dividend?

The latest income announced by XPSF11 was R$ 0.07 per unit, paid on 2026-08-14.

Does XPSF11 pay monthly dividends?

Yes, XPSF11 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 XPSF11's dividend yield (DY)?

XPSF11's dividend yield is approximately 12.74% based on the income paid over the last 12 months.

Is XPSF11 high yield?

With a DY near 12.74% per year, XPSF11 is in the high yield REIT range (above ~10% p.a.) — a level that usually comes with more credit or market risk.