Citycon’s Board of Directors to propose moving towards quarterly dividend payments

Helsinki, Finland, 2015-11-03 — /EPR Retail News/ — Following the global trend towards quarterly dividend payments, Citycon’s Board of Directors has decided that it will propose to the company’s Annual General Meeting 2016 that Citycon will move to quarterly distribution policy starting in 2016.

Citycon’s Board of Directors has also restated Citycon’s current dividend distribution policy to pay out more than 50% of the result for the period excluding fair value changes on property. However, it is targeted that the distribution proposal to the Annual General Meeting 2016 for the financial year 1.1.-31.12.2015 would also include an equity repayment and would be at the level of EUR 0.15 per share, payable in quarterly instalments, provided the company’s financial standing is permitting such distribution.

For further information, please contact:
Eero Sihvonen
CFO, Executive Vice President
Tel. +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total close to EUR 5 billion and with market capitalisation of approximately EUR 2 billion. For more information about Citycon, please visit www.citycon.com

SOURCE: CITYCON OYJ

Sponsored content

Matched content