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SWEF Starwood European Real Estate Finance Limited

92.20
-1.80 (-1.91%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Starwood European Real Estate Finance Limited SWEF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.80 -1.91% 92.20 16:35:02
Open Price Low Price High Price Close Price Previous Close
93.00 92.40 94.60 92.20 94.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Starwood European Real E... SWEF Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
25/01/2024InterimGBP0.0187501/02/202402/02/202423/02/2024
20/10/2023InterimGBP0.0137502/11/202303/11/202324/11/2023
21/07/2023InterimGBP0.0137503/08/202304/08/202325/08/2023
21/04/2023InterimGBP0.0137504/05/202305/05/202326/05/2023
23/03/2023SpecialGBP0.0230/03/202331/03/202321/04/2023
20/01/2023InterimGBP0.0137502/02/202303/02/202324/02/2023
21/10/2022InterimGBP0.0137503/11/202204/11/202225/11/2022
22/07/2022InterimGBP0.0137504/08/202205/08/202226/08/2022
22/04/2022InterimGBP0.0137505/05/202206/05/202227/05/2022
21/01/2022InterimGBP0.0137503/02/202204/02/202225/02/2022
22/10/2021InterimGBP0.0137504/11/202105/11/202103/12/2021
23/07/2021InterimGBP0.0137505/08/202106/08/202103/09/2021
23/04/2021InterimGBP0.0137506/05/202107/05/202104/06/2021
22/01/2021InterimGBP0.0162504/02/202105/02/202105/03/2021
22/10/2020InterimGBP0.0162529/10/202030/10/202020/11/2020
23/07/2020InterimGBP0.0162530/07/202031/07/202028/08/2020
23/04/2020InterimGBP0.0162530/04/202001/05/202020/05/2020
23/01/2020InterimGBP0.0162530/01/202031/01/202021/02/2020
23/10/2019InterimGBP0.0162531/10/201901/11/201922/11/2019
24/07/2019InterimGBP0.0162501/08/201902/08/201930/08/2019
24/04/2019InterimGBP0.0162502/05/201903/05/201924/05/2019

Top Dividend Posts

Top Posts
Posted at 25/1/2024 11:04 by makinbuks
Update published today:

Dividend 6p , 0.5p higher than forecast, very nice with over 90% now variable rate with floors. 5.5p reaffirmed for 2024 (yield 6%) and may be beaten if rates stay higher for longer (UK and US inflation both increased MOM in Dec)

Disappointingly, the Spanish retail asset sale did not go through and the provision was doubled but they sound very confident of Q1 24 completion.

Not material to the NAV which remains above £1.04 (discount 10%) My expectation is for them to return 45% of NAV at that level in 2024

Got to keep an eye of the 4 stage 2 loans, with avg LTV 77% representing 31% of NAV. A year ago there were only two loans in this category but it had risen to 5 earlier in the year

Summary, holding for an expected 10% return this year with 45% of capital repaid. Limited downside risk
Posted at 21/11/2023 16:51 by makinbuks
NAV for October £1.036 xd. Excess Cash £30.2m, so I expect another distribution announcement in December or January. Net income in the month 58p well head of the run rate required to sustain the dividend at £1.38/Qtr, so we may also see a special dividend declared again.

All good news and expecting some real developments in the next couple of months
Posted at 22/4/2022 07:20 by killing_time
Starwood European Real Estate Finance Limited (the "Company") has declared a quarterly dividend in respect of the first quarter of 2022 of 1.375 pence per share as targeted, payable on 27 May 2022 to Shareholders on the register at 6 May 2022. The ex-dividend date will be 5 May 2022. The targeted full year dividend is 5.5 pence per share equating to an annualised dividend yield of 5.9% based on the closing share price on 21 April 2022.
Posted at 20/4/2022 06:13 by killing_time
SWEF NAV up to 103.13p for March.
Posted at 21/1/2022 11:01 by killing_time
Thanks Makinbuks

From LSE site:
Starwood European Real Estate Finance Limited (the "Company") has declared a quarterly dividend in respect of the fourth quarter of 2021 of 1.375 pence per share as targeted, payable on 25 February 2022 to Shareholders on the register at 4 February 2022. The ex-dividend date will be 3 February 2022. The targeted full year dividend is 5.5 pence per share equating to an annualised dividend yield of 5.8% based on the closing share price on 20 January 2022.
Posted at 21/1/2022 10:59 by makinbuks
No I read Investigate every day for RNS's. Purely on a time basis I only tend to read the 7am announcements. This is the link to todays announcement:



but if you click on the "Todays Announcements" button you see a full list of them

Theres a similar feed on the LSE site
Posted at 10/10/2021 12:52 by stemis
Surely if interest rates do start to rise then the rates SWEF charge will also increase, leading to higher dividends?
Posted at 26/8/2020 17:20 by speedsgh
Stifel still positive on Starwood despite quiet dividend cut -
Posted at 26/8/2020 17:18 by speedsgh
Dividend to be re-based to 5.50p per annum from 2021...

Q2 2020 Factsheet -

CURRENT AND FUTURE DIVIDEND
On 23 July 2020, the Directors declared a dividend in respect of the second quarter of 1.625 pence per Ordinary Share, equating to an annualised 6.5 pence per annum. This was covered 0.95x by earnings excluding unrealised FX gains. We expect the dividend cover to reduce to approximately 0.87x during the second half of the year following the repayment and amortisation received in the second quarter.

The Board and Investment Adviser recognise the importance of stable and predictable dividends for our shareholders. Accordingly, we hold a dividend reserve built up over several years which we have been using to maintain the annual dividend at 6.5 pence per share over the last eighteen months even though the dividend has been uncovered by earnings more recently. As a result of this reserve, dividends have not therefore been paid out of capital reserves. The Company intends to continue to use the remaining reserve to maintain the annual dividend at 6.5 pence per share for the rest of 2020 which will leave a small reserve remaining.

In the period since the Group’s inception, the Bank of England base rate has reduced from 0.50 per cent to 0.10 per cent. The average 5 year GBP swap rate from inception to year end 2019 was 1.16 per cent, compared to 0.13 per cent at 30 June 2020 representing a fall of over 1 per cent on the average. At inception LIBOR / EURIBOR might have contributed up to 10 per cent of the company’s underlying return profile, today it makes up less than 1 per cent.

In light of the declining interest rate environment, from 1 January 2021 the Group intends to reduce the dividend target to 5.5 pence per annum (payable quarterly) which, in the Board and the Investment Adviser’s view, is a more sustainable level of dividend which should be fully covered by earnings whilst ensuring we maintain our strong credit discipline whilst managing risk. On the share price at 30 June 2020, a dividend of 5.5 pence per annum represents an attractive 6.4 per cent dividend yield.
Posted at 23/8/2017 06:12 by jonwig
Proposals:



The only immediately significant thing seems to be that they want to be able to issue up to 20% of shares (was 10%) without applying pre-emption rights.

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