Carmila : 2019 dividend adjusted significantly, as expected
>Dividend payable in shares of € 1 vs a cash dividend of € 1.5 - Carmila yesterday confirmed in a press release that it will put forward at the AGM on 29 June, a 2019 dividend of € 1.00 per share payable in shares vs a cash dividend of € 1.50 per share expected initially prior to the health crisis. Given the impact of the crisis on activity at its shopping malls during the lockdown (only 5% to 10% of stores open), we had expected management to significantly revise its...Carmila SA, formerly Cardety SA, is a France-based company that operates in the real estate investment sector. The Company is primarily engaged in the acquisition, holding and managing of commercial real estate assets for lease. The Company's real estate assets include a supermarket under the ED brand in Forges-les-Eaux, a shopping center in Pau Lescar, a retail park in Mondeville, a shopping mall in Besancon Chalezeule, a building complex in Salaise-sur-Sanne and a business park project in Quetigny.
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