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Emirates REIT announces rescheduling dividend distribution

2019-01-10 11:31:10 GMT (Economies.com)
Emirates REIT announces rescheduling dividend distribution
 

Emirates REIT on Thursday announced, in a statement to Nasdaq Dubai, it conducted certain amendments to rescheduling the periodic dividend distribution and the share repurchase program.

 

Once the capital decrease is approved by competent authorities, the company will announce the dates of the periodic dividend distribution, and the date of starting the share repurchase program, the company said.

 

The value of the proposed dividend distribution for the period ended September 30, 2018 amounts to $0.0270 per share.

 

The company said this comes in compliance with the new companies law of Dubai International Financial Center, which came into effect in November, 2018.

 

Meanwhile, Equitativa, the largest REIT manager in the GCC and manager of Emirates REIT, announced yesterday its intention to distribute its first 2018 interim dividend payment relating to the financial year 2018 for Emirates REIT (CEIC) Limited, the UAE’s first regulated Shari'a compliant Real Estate Investment Trust listed on Nasdaq Dubai.

 

The interim dividend in relation to the six-month period ended 30 June 2018 is of $11.98 million or $0.04 per ordinary share. This represents an annualised dividend yield of 8.6%.

 
 
 
  Symbol Last Change Chg.%
1.1357
-0.0014
0.1275%
1.2684
-0.0056
0.4423%
15.293
-0.048
0.313%
58.847
1.245
2.161%
65.05
0.19
0.29%
1413.615
14.605
1.044%
 
 
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