Dolmen City REIT’ announces 18.1% annual dividend for FY23 – Daily Times
Dolmen City REIT' announces 18.1% annual dividend for FY23 Daily Times
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Dolmen City REIT Announces 18.1% Annual Dividend for FY23
Introduction
The Board of Directors of Dolmen City REIT (DCR) have declared and approved a final cash dividend of PKR 0.50 per unit, in their meeting held on Tuesday July 18, 2023. This is in addition to the interim dividends of PKR 1.31 per unit already paid to the unit holders. On cumulative basis, the REIT has announced a total dividend of 18.1% for the fiscal year 2023.
Sustainable Development Goals (SDGs)
The announcement of the annual dividend by Dolmen City REIT aligns with several Sustainable Development Goals (SDGs) set by the United Nations. These goals include:
- Goal 1: No Poverty
- Goal 8: Decent Work and Economic Growth
- Goal 10: Reduced Inequalities
- Goal 11: Sustainable Cities and Communities
- Goal 17: Partnerships for the Goals
Impact on SDGs
The dividend payout by Dolmen City REIT contributes to the achievement of these SDGs in the following ways:
- Goal 1: No Poverty – By providing a dividend to unit holders, Dolmen City REIT helps to reduce poverty and improve the financial well-being of investors.
- Goal 8: Decent Work and Economic Growth – The dividend payout reflects the REIT’s strong financial performance, contributing to economic growth and creating employment opportunities.
- Goal 10: Reduced Inequalities – The dividend is distributed among unit holders, promoting wealth distribution and reducing income inequalities.
- Goal 11: Sustainable Cities and Communities – Dolmen City REIT’s operations focus on developing sustainable real estate projects, contributing to the creation of livable and inclusive cities.
- Goal 17: Partnerships for the Goals – The REIT’s collaboration with its unit holders and stakeholders demonstrates its commitment to partnerships for achieving sustainable development.
Conclusion
The announcement of an 18.1% annual dividend by Dolmen City REIT showcases its financial success and commitment to sustainable development. By aligning with the SDGs, the REIT contributes to the global efforts towards poverty reduction, economic growth, reduced inequalities, sustainable cities, and partnerships for sustainable development.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
The article discusses the announcement of an annual dividend by Dolmen City REIT, which is related to economic growth and reducing inequalities.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
- SDG 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality.
The article mentions the declaration and approval of a cash dividend by Dolmen City REIT, which contributes to achieving full and productive employment and decent work (SDG 8.5) and adopting policies for greater equality (SDG 10.4).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the article mentions the “annual dividend of PKR 0.50 per unit” and “interim dividends of PKR 1.31 per unit already paid to the unit holders.” These dividend amounts can be used as indicators to measure progress towards achieving full and productive employment, decent work, and greater equality.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. | Annual dividend of PKR 0.50 per unit |
| SDG 10: Reduced Inequalities | 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality. | Interim dividends of PKR 1.31 per unit already paid to the unit holders |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: dailytimes.com.pk
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