RCR declares final FY24 dividend
RL Commercial REIT [RCR 6.04, down 0.2%; 203% avgVol] a Q4/24 dividend of P0.101/share [link], payable on February 28 to shareholders of record as of February 20. The dividend has an annualized yield of 6.69% based on the previous closing price, which is essentially flat with RCR’s pre-dividend annualized yield. The total amount of the dividend is P1587 million, which is 93% of the P1700 million in distributable income that RCR reported for the quarter. Relative to RCR's IPO price, the dividend increased RCR's total stock and dividend return to 14.73%, up from its pre-dividend total return of 13.17%.