Daman Investments achieves high record dividend payout
Daman Investments (DI), one of the leading UAE-based regional investment management companies, said that it has achieved a record high dividend payout for the second quarter of 2014 on select funds. The flagship Daman Second Emirates Fund paid out a record 18th consecutive quarterly dividend, Khaleej Times reported. Daman Funds upheld their longstanding reputation as the leading dividend-yielding funds in the GCC investment arena with annualized dividend yields reaching double digits, which are vastly higher than current market dividend yields. So far this year, Daman Funds have exhibited robust performance, with the Daman Fifth Fund being one of the strongest performing funds in the region yielding returns of 168.66 % since the beginning of 2014. Bloomberg and Zawya have both named Daman Fifth Fund the best performing vehicle in the GCC region in terms of YTD returns.