Dubai-Mubasher: Emirates REIT, Dubai-based Real Estate Investment Trust, said the board recommended interim cash dividend for FY2014 at $0.04 per share or $12 million, to shareholders of record at 2:00 p.m., January 21, 2015.
This is the first dividend payment relating to 2014, as Emirates REIT plans to pay cash dividend to shareholders twice a year: this interim dividend in January 2015 and a final dividend in June 2015.
The proposed interim dividend will be subject to shareholder approval at the REIT’s upcoming general meeting on January 26.
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