Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) Dividend Payout Ratio: 0.83 (As of Dec. 2025) — 15% Below Median

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BSP:HCHG11 Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11
45 GF Score
Price R$61.98
GF Value R$85.96
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio?

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11 45 Dividend Payout Ratio is 0.83 as of Dec. 2025, which is 15% below its 10-year median of 0.98. GuruFocus rates BSP:HCHG11 with a GF Score™ of 45/100 and a GF Value™ of R$85.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 705 REITs companies, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ranks better than 65.96% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.83.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII is 0.83, which seems too high.

The historical rank and industry rank for Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio or its related term are showing as below:

BSP:HCHG11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 2.66
Current: 0.83


During the past 5 years, the highest Dividend Payout Ratio of Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII was 2.66. The lowest was 0.59. And the median was 0.98.

BSP:HCHG11's Dividend Payout Ratio is ranked better than
65.96% of 705 companies
in the REITs industry
Industry Median: 0.99 vs BSP:HCHG11: 0.83

As of today (2026-07-30), the Dividend Yield % of Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII is 13.20%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII was 15.21%. The lowest was 10.75%. And the median was 12.36%.

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividends per Share for the months ended in Dec. 2025 was R$9.43.

During the past 12 months, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's average Dividends Per Share Growth Rate was -2.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.30% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII was 0.30% per year. The lowest was 0.30% per year. And the median was 0.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio Related Terms


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio Chart

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
0.00 0.59 1.14 2.66 0.83

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio 0.00 0.59 1.14 2.66 0.83

BSP:HCHG11 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio falls into.


BSP:HCHG11
45GF Score
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII BSP:HCHG11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=9.43/ 11.423
=0.83

Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=9.43/ 11.423
=0.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.83 mean?
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) has a Dividend Payout Ratio of 0.83 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII and its competitors. This is 15% below median its historical median of 0.98. Over the past decade, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio has ranged from 0.59 to 2.66. According to the industry distribution chart, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ranks #240 out of 705 companies in the REITs industry, placing it in the top 34%.
Is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio too high?
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's current Dividend Payout Ratio of 0.83 is 15% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.66. The REITs industry median Dividend Payout Ratio is 0.99. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's value of 0.83 is 16.2% below this industry median. Based on the distribution chart, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ranks #240 out of 705 companies in the REITs industry, which is above the industry midpoint. Overall, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's Dividend Payout Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII ranks #240 out of 705 companies for Dividend Payout Ratio. This puts Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's value of 0.83 is 16.2% below this benchmark. Historically, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's own Dividend Payout Ratio has ranged from 0.59 to 2.66 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.99, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's current Dividend Payout Ratio of 0.83 is 16.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's current Dividend Payout Ratio is 0.83, which is 15% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII stock overvalued right now?
Based on GuruFocus' analysis, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$85.96, compared to a current price of R$61.98 — trading 27.9% below its estimated fair value. The current Dividend Payout Ratio is 0.83, which is 15% below median its 10-year median of 0.98 and 16.2% below the REITs industry median of 0.99. Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII's overall GF Score™ is 45/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11), the current Dividend Payout Ratio is 0.83 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII (BSP:HCHG11) Overvalued in 2026?

Based on GuruFocus' analysis, Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII stock appears to be undervalued. The current stock price of R$61.98 is trading 27.9% below its estimated GF Value™ of R$85.96. GuruFocus considers Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII to be Modestly Undervalued.

Key valuation signals for BSP:HCHG11:

  • Dividend Payout Ratio: 0.83 (15% below median its 10-year median of 0.98)
  • GF Value™: R$85.96 vs. price of R$61.98 (27.9% below fair value)
  • GF Score™: 45/100 with 2 warning signs
  • Industry Position: 16.2% below the REITs median (#240 of 705)

No single metric tells the full story. See the BSP:HCHG11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII Business Description

Industry Real EstateREITs
Address Rua Gilberto Sabino, 215, 4th floor, Pinheiros, Sao Paulo, SP, BRA, 5425020
Hectare Recebiveis High GraDE Fundo DE Investimento Imobiliario - FII is a real estate fund that seeks to provide shareholders with the appreciation and profitability of their Shares in the long term, through investments in real estate assets, earning income and capital gains from them.
45GF Score

Get the complete analysis for BSP:HCHG11

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$61.98
Price
R$85.96
GF Value