Arif Habib Dolmen City REIT has dispatched the interim dividend of Rs. 0.35 per unit for quarter ending 31st December 2019 to its unit holders. The dividend is electronically credited into the designated bank accounts of the unit holders as per the earlier announcement on Pakistan Stock Exchange (PSX) on 20th January 2020. The brief announcement was as under:
The Board of Directors have declared and approved an interim cash dividend of Re. 0.35 per unit i.e. 3.5% (annualised 14.0%). This is in addition to interim dividend already paid at Re. 0.35 per share i.e. 3.5% (annualised 14.0%). On cumulative basis the Scheme has announced an interim dividend of Re. 0.70 i.e. 7% till date for financial year 2019- 2020.
About Dolmen City REIT
Dolmen City REIT is Pakistan’s first REIT scheme. It is listed on Pakistan Stock Exchange with a trading symbol of “DCR“. It is a Closed-ended, Rated, Perpetual, Shariah-compliant, Rental REIT scheme which offers investors to become Unit holders of two component of the Dolmen City project, Dolmen Mall Clifton and The Harbor Front. The properties generate rental income that is distributed by the REIT Scheme among unit holders in the shape of dividends. Dolmen Mall Clifton has a total built-up area of approximately 1 million square feet spread over three levels.