The Unit Trust of Fiji (UTOF) has announced a historic dividend payout of $7.2 million, marking the highest distribution since 2012. This payout benefits over 60,000 unit holders, with each unit returning 3.80 cents for the period covering January to June 2025. Chairperson Lavinia Kaumaitotoya describes this achievement as a landmark success, emphasizing that it showcases UTOF’s robust financial management practices.
Kaumaitotoya remarked, “We have surpassed our own 13-year record, delivering competitive historical dividend payouts to our valued unit holders. The rates unveiled are notably strong and surpass the prevailing market standards, marking a significant milestone in our journey.” Significantly, the dividend rate exceeds current market interest rates and is offered tax-free, further adding to its attractiveness.
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, praised the management of UTOF for this noteworthy payout, indicating that it highlights a growing public interest in investment opportunities.
In previous announcements, UTOF successfully delivered dividends that increased from 3.50 cents per unit to 3.75 cents, reaching a total of 7.50 cents per unit for the year 2024. The strong performance of its funds, particularly the Income and Growth Fund, speaks to UTOF’s commitment to providing substantial returns to its diverse investor base, which includes a significant number of young investors under the age of 18.
This impressive growth reflects UTOF’s dedication not just to rewarding current investors but also to fostering a culture of financial literacy and responsibility among the younger generations in Fiji. Looking forward, UTOF is positioned to further reinforce its impact on the investment landscape, providing hope for a financially secure future for many.
Overall, the actions of UTOF demonstrate a proactive approach to enhancing financial prosperity for its investors while paving the way for financial engagement among the community. This positive trajectory indicates not only confidence in UTOF’s investment strategies but also a promising outlook for the financial health of the Fijian population.
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