MREIT declares dividends for Q1

In a disclosure to the Philippine Stock Exchange, the firm said the cash dividends will be payable on May 31, 2022 to stockholders on record as of May 10, 2022.MREIT’s dividend policy contemplates quarterly distribution of dividends. The latest tranche of dividends is higher than the previous quarter’s P0.2399 per share.

“This dividend is just the first tranche of the total amount we aim to distribute for the year 2022%,” MREIT President and CEO Kevin L. Tan. He added that, “Not including the impact of the acquisitions scheduled for this year, we are looking at declaring dividends amounting to P1.00 per share, which translates to a 6.2 percent dividend yield versus our IPO price. At current prices, the yield is at 5.7 percent.”

“We firmly believe that the benefit to MREIT investors goes beyond the dividend that they will get as we target to deliver a total return of at least 10 percent per annum over the next three years. Our current acquisition plan is key to our achieving, if not outperforming this target,” noted Tan.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kauswagan: from town where Erap declared his 2000 “all-out war” to tourist destinationKAUSWAGAN,Lanao del Norte (MindaNews / 24 April)  — This coastal town where President Joseph Estrada launched his “all-out war” against the Moro Islamic Liberation Front (MILF) in M…
Source: mindanewsdotcom - 🏆 10. / 68 Read more »

Mandaue has 4 more drug cleared barangaysMANDAUE CITY, Philippines — Four more barangays in Mandaue City have been declared drug cleared by the Regional Oversight Committee on Barangay Drug Clearing during the deliberation held on
Source: cebudailynews - 🏆 8. / 71 Read more »

MILF’s political party chooses “friend of the Bangsamoro” Leni Robredo for PresidentSULTAN KUDARAT, Maguindanao (MindaNews / 23 April) – The Moro Islamic Liberation Front’s political party on Saturday declared support for the presidential bid of Vice Presidential Leni Robredo, “f…
Source: mindanewsdotcom - 🏆 10. / 68 Read more »

Russia renews attack on Mariupol and missiles hit Odesa, Ukraine saysRussia resumed its assault on the last Ukrainian defenders holed up in a giant steel works in Mariupol on Saturday, days after Moscow declared victory in the southern city and said its forces did not need to take the plant.
Source: gmanews - 🏆 11. / 68 Read more »