Union Properties recommends cash dividends, bonus shares

Dubai: Union Properties said on Tuesday its board has recommended a dividend of 8 per cent to its shareholders.

The company plans to pay a cash dividend of 3 per cent, and a bonus shares of 5 per cent, it said in a statement to the Dubai Financial Market.

The board also approved the financial statements for the year to December 2014. The board meeting was held on March 9.