Pangaea pays 0.20 euro dividend, yield at 4.7%

Greek real estate investment company Pangaea has proposed paying a 0.20 euro per share dividend for 2016, the company said in a statement Wednesday. Based on Wednesday's trading price on the Athens bourse, that translates into a dividend yield of 4.7%.

Shareholders at Pangaea, the real estate arm of National Bank of Greece, will vote on the proposed dividend at an assembly set for May 9.