on Grand City Properties S.A., (ETR:GYC)
Grand City Properties S.A. Announces Dividend Proposal and Policy Update
Grand City Properties S.A., based in the Grand Duchy of Luxembourg, has proposed a dividend for the financial year 2025, amounting to EUR 0.30 gross per share. This marks the first dividend proposal since the financial year 2021. The proposal will be presented at the annual general meeting scheduled for June 24, 2026. In conjunction with this, the company has announced an update to its dividend payout policy, aiming for 50% of FFO 1 per share starting from the financial year 2026, contingent on market conditions.
The company's board of directors aims to reinstate consistent dividend payments while adapting to market dynamics. This strategic move reflects Grand City Properties' commitment to shareholder returns and transparency in its financial practices.
R. E.
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