Merlin Properties increases its estimate dividend for 2018

Merlin Properties increases its estimate dividend for 2018


Merlin announces an increase of the payable complementary dividend in May of 26 cents per share which, along with the 20 cents already divided on account, gives a total of 46 cents of reward to the shareholder in 2016, compared to 40 cents divided with charge to the previous year (+ 15%). This complementary dividend will be paid after approval at the General Meeting, which is expected to be held on April 26.

The company also announces its estimate of shareholder reward charged from 2018 for a minimum of €235 million. This reward, which would be paid in full in cash, would be more than 50 cents per share, which would be distributed partly as a dividend and partly as a repayment of share premium. It represents an increase of 9% on the reward per share of 2017.

The payments from the financial year 2018 will be paid as in two installments, one in October 2018 and the other in 2019, once the General Shareholders' Meeting approves the accounts of the previous year.

Merlin keeps following the way of extracting value from its portfolio, supported by three pillars: Plan for the assets reform and selective developments; program of logistic developments and investment activity and asset rotation.

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