22 Jun 2015

Unit Trust of Samoa declares highest ever dividend

6:47 am on 22 June 2015

The Unit Trust of Samoa has declared the highest divident in its five-year history, with unitholders to be paid a share of 985 thousand US dollars in July.

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Photo: RNZ / Mary Baines

Established by the government in 2010 as a way to provide an investment vehicle for Samoans, the UTOS paid its first dividend of 7 sene to unitholders in 2012, and that value has grown by one sene each year since.

The UTOS says an increasing number of local and overseas based Samoans are investing in the trust, with 1,537 unitholders now registered compared to only 200 when it first started.