Bulgarian real estate investment trust (REIT) Bulland Investments [BUL:5BD] said on Tuesday it will pay a gross dividend of 0.081 levs ($0.06/0.04 euro) per share for 2013.
The company will distribute as dividend over 1.05 million levs, equal to 90.69% of its profit for last year, Bulland Investments said in a bourse filing.
The REIT will allocate the remainder of its profit to retained earnings.
The decision has been approved at a shareholders meeting held on June 26.
Last year, the company paid out a gross dividend of 0.117 levs per share, or a total of 1.5 million levs.
Bulland Investment specialises in the acquisition and leasing of agricultural land.