Grivalia proposes 0.35 euro dividend, yield at 3.7%

Real estate investment company Grivalia, majority owned by Canada's Fairfax Financial Holding, will propose to shareholders a 0.35 euro per share dividend for 2017, it said on Friday.

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The dividend translates into a yield of 3.7%, based on Friday's stock price and will be approved at a shareholder general assembly on March 21.