Kuwait – Mubasher: The administration of the National Bank of Abu Dhabi’s (NBAD) MENA Income and Growth Fund has earned dividend income equivalent to AED 2.83 million equating to an annualised yield of 4.00% during the period from 5 February, 2016 to 4 August, 2016.
Investors who are registered in the fund on 4 August were entitled for a semi-annual dividend distribution accounting for 2% of the net asset value (NAV) of the fund, according to an issued statement.
Thus, each unit in the NBAD’s fund will receive a dividend pay-out of about AED 0.066.
“For those who selected the re-investment option, the dividends will be reinvested on 7th August, 2016 and for those who have selected the cash payout option, the proceeds will be credited into their NBAD bank account by the 22nd August, 2016,” according to the statement.
