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Acorn property fund to pay Sh188m dividends
Edward Kirathe, Chief Executive Officer, Acorn Holdings Limited during the official opening of Qwetu Aberdare Heights student accommodation. FILE PHOTO | DIANA NGILA | NMG
Property developer Acorn will pay shareholders Sh188 million in dividends after the profit from its student accommodation income real estate investment trust (I-Reit) rose by 30 percent to Sh504.9 million in the financial year ended December.
Acorn has recommended payment of a final payout of Sh0.5 per unit or a total of Sh132.26 million which adds to Sh0.27 per unit or Sh55.79 million interim distribution made in July last year.
