IPUT pays quarter year dividend of €11m

Barry J Whyte

Chief Feature Writer @whytebarry
14th January, 2015

IPUT, the property investment vehicle, last week paid out a fourth-quarter dividend to shareholders of €11 million, after its net asset value rose 7 per cent to €1.4 billion.

The fund, which is run by chief executive Niall Gaffney, manages commercial property in Dublin.

At the end of December, the firm’s offer price for its shares stood at €832.72, up 6.99 per cent from the previous quarter’s figure of €778.88.

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