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Fiji Unit Trust has announced an increase in the dividend payout ratios of its Income & Growth Fund and Income Fund.
The Income & Growth Fund’s dividend payout rate was 3.75 cents per unit, totaling $5,773,512.
This rate is an increase from previous years, with the 2023 rate being 3.50 cents per unit and the 2022 rate being 3.25 cents per unit.
The Income & Growth Fund is UTOF’s premier investment vehicle, designed to provide long-term investors with biennial tax-free dividends and potential capital growth.
Also for the income fund, UTOF declared an annual dividend rate of 3% amounting to FJD 562,772.
This is an increase from the ADR rates of 2.75% in 2023 and 2.50% in 2022.
UTOF chairperson Lavinia Kaumaitotoya said the figures reflected their ongoing commitment to providing competitive returns to worthy investors.
“We are pleased to inform our unitholders that dividends totaling $6.3 million have been deposited into your investment accounts.”
“This distribution underscores our commitment to ensuring our investment products provide a reliable and growing income stream, reinforcing our reputation as a trusted partner in your investment journey.”
“Our team will be publishing our historical interim dividend rates via our social media platforms for you to assess and we hope it will provide you with valuable insights into our strong financial performance,” she said.
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