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Cofinimmo affirms 2018 dividend forecast, boosts commercial paper program

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Cofinimmo affirms 2018 dividend forecast, boosts commercial paper program

Affirming its previous forecast, Cofinimmo SA said its gross dividend for 2018 is expected to come in at €5.50 per ordinary share and €6.37 per preference share, taking into account a 30% withholding tax.

The net per-share dividend is projected to be €3.85 and about €4.46, respectively.

Additionally, the Belgian real estate investment trust boosted the maximum amount of its commercial paper program to €650 million from €500 million, with approximately €550 million invested as at June 30.