Colonial approved €101M dividend distribution

Colonial approved €101M dividend distribution

Each shareholder should receive 0.20 euro per share. Out of the available amount, around 79 million euro comes from last year’s revenues – which reached 87.87 million euro – and the remaining 22.5 million euro correspond to the share premium payments, as mentioned by the company in the release it sent the Comisión Nacional del Mercado de Valores at the end of May.

This decision was placed on the table during the announcement of the REIT’s quarterly results, which showed its good financial health, based on its 2.100 million euro liquidity and a portfolio estimated at 12.200 million euro by the end of 2019. The company’s debt, which represents 36% of its portfolio, also allows it to go through the crisis in a comfortable position since its liquidity is 4 times higher than the expected debt for this and the next 3 years, remarked newspaper El Confidencial.

During the same meeting, Ana Bolado was nominated President of the Nominations and Retributions Committee and Ana Peralta as President of the Audit and Control Committee, replacing Carlos Fernández-Lerga and Javier Iglesias de Ussel respectively. The REIT’s former presidents renounced their positions in mid-May.

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