
Daman Investments, one of the leading UAE-based regional investment management companies, has announced a record 9th consecutive quarterly dividend for the Daman Second Emirates Fund. The fund paid out a dividend for the 1st quarter of 2012 of Dh1.50, translating into a very healthy annualized yield of 5.5 per cent versus its benchmark - NBAD yield of 4.98 per cent as at the end of March 31, 2012. The NAV of the fund was Dh108.26 Daman Fifth Fund also paid out its first maiden dividend of Dh1 for the 1st quarter of 2012 which equates to an annualized dividend yield of 3.9 per cent. Commenting on the announcement, Shehab Gargash, Chief Executive Officer of Daman Investments said: “We believe it is important to pay out investors that are within the fund. The fund continues to deliver strong income and capital growth with lower volatility than the broader market.” Shehzad Janab, Daman Investments’ Head of Asset Management and Advisory, also added that, “we are very encouraged by the activity in the market in the first quarter. We feel we are currently in the midst of a virtuous cycle of more cash inflows into the market buoyed by strong corporate results, which we believe are sustainable and have further upside. Hence, rewards will be reaped by the early investors”
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor