RL Commercial REIT Inc., the listed real estate investment trust-based by Robinsons Land Corp., said Monday its board has approved the declaration of P0.0977 per share cash dividend.
With its outstanding shares of 10.7 billion, the cash dividend for shareholders on record May 22 will total P1.05 billion.
The cash dividend will be paid on May 31.
RL Commercial has a dividend policy that requires it to distribute at least 90 percent of its distributable income as cash dividend in compliance with the REIT Law and the Revised REIT Implementing Rules and Regulations.
Its initial portfolio of 14 assets includes Robinsons Cybergate Center 2 and Robinsons Cybergate Center 3 in Mandaluyong City.
