AREIT declares largest dividend in company’s history
AREIT [AREIT 33.95, up 0.1%; 116% avgVol] [link] declared a Q1/24 dividend of P0.56/share, payable on June 13 to shareholders of record as of May 28. The dividend has an annualized yield of 6.6%, which is a little higher than AREIT’s pre-dividend annualized yield of 6.48%. The total amount of the dividend is approximately 90.3% of the P1.47 billion in distributable income that AREIT reported for the period. AREIT’s year-to-date stock and dividend return is now up to 3.32%, and its total return since its IPO is now 54.56%.