The Unit Trust of Fiji has announced an increased dividend payout rate for both its Income and Growth Fund and Income Fund.
The dividend payout rate for the Income & Growth Fund is now 3.75 cents per unit, amounting to $5,773,512. This rate has risen from previous years, with 3.50 cents per unit in 2023 and 3.25 cents in 2022.
The Income & Growth Fund is UTOF’s premier investment offering, designed to provide biannual, tax-free dividends along with potential capital growth for long-term investors.
For the Income Fund, UTOF has declared an annualized dividend rate of 3%, totaling F$562,772. This is an increase over the previous rates of 2.75% in 2023 and 2.50% in 2022.
UTOF chair Lavinia Kaumaitotoya remarked that these figures reflect their ongoing commitment to delivering competitive returns to valued investors. “We are pleased to advise our unit holders that the total sum of $6.3 million worth of dividends has already been credited to your investment accounts,” she said.
“This distribution underscores our dedication to ensuring that our investment products provide reliable and growing income streams, reinforcing our reputation as a trusted partner in your investment journey.”
Kaumaitotoya also mentioned that their team would be posting historical interim dividend rates on social media to offer valuable insights into their strong financial performance.