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Tuesday, July 17, 2007

Fijian Holdings Unit Trust pays dividends

The Fijian Holdings Unit Trust (FHLUT) has paid out dividends which is an increase of 14.5% to what it paid out last year.

The two funds managed by FHLUT both recorded strong results over the last financial year. This included the property fund which recorded good results despite the impact of the removal earlier this year of dividend tax concessions enjoyed by investors in that fund.

The final dividend paid was 1.54 cents per unit for the financial year ended 30 June 2007. Total payout by the unit trust will be F$680,863.00.

In terms of returns, FHLUT recorded a dividend return of 4.96%, a capital growth return of 5.96%.

FHLUT's total funds under management is F$28 million. These are invested in a range of listed and unlisted companies, term deposits and Government guaranteed bonds.

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