A dividend is what you get for investing. MoreHarvest will pay you a portion of the company earnings made from the rental income of the properties and occasionally capital gains from when MoreHarvest sells a property. This is an annual payment and is paid in cash.
As a shareholder in the Fund, you're part-owner of all the properties that make up that fund and will receive a proportional piece of the fund's earnings.
Matured shares vs non-matured shares
The moment your investment is accepted, you will start earning dividends. You can expect your first dividend payment after the first year of investing, this is when your shares have matured. From then on, you will receive your dividend on the fund payout date set annually.
If you have non-matured shares during the dividend payout date, you won't get your dividend yet. Don't worry; you still have your income, but you'll only be entitled to it once the shares have matured.
Important dates linked with dividends
Here's how the schedule works:
- Announcement date - this is when MoreHarvest notifies the dividend amount, record date and payment date
- Ex-dividend date - If you don't own shares by this date, you won't receive a dividend during this period. You'll have to wait until the next dividend date, so you must buy shares prior to this date to get the dividend. This is usually a few days before the Record date.
- Record date - By this date, if you own shares, you will be included in that dividend. If you're thinking about buying shares, aim to do so before this date.
- Payout date - This is the big day when MoreHarvest pays your your income. It is paid in cash, by bank transfer and into the bank account details you provided. If you haven't been paid but you had shares before the Ex-dividend date, it's because they are not mature yet. As soon as they mature, you'll get your first dividend and then with every dividend payout.