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Dubai’s Union Properties Proposes First Cash Dividend Since 2002

Dubai’s Union Properties Proposes First Cash Dividend Since 2002

The board also proposed a five per cent bonus share issue for 2014.

Dubai real estate firm Union Properties said on Tuesday its board had proposed a three per cent, or Dhs0.03 per share, cash dividend and a five per cent bonus share issue for 2014.

It would be the company’s first cash dividend since 2002, according to Thomson Reuters data. The company last issued bonus shares for 2013, a five per cent issue.

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