The recent dividend payout by the Unit Trust of Fiji is providing much-needed financial relief to families grappling with the escalating cost of living. Chair Lavinia Kaumaitotoya highlighted that with everyday expenses on the rise, any additional funds serve as a crucial financial cushion for households.
Kaumaitotoya noted that many investors in the Unit Trust are regular parents, now presented with the option to either reinvest their dividends or withdraw the cash to assist with their ongoing expenses. She expressed her satisfaction with the payout as a unit holder, particularly emphasizing the excitement among students and families witnessing returns on their investments. “My daughter, who is studying in Hawaii, is thrilled about receiving returns as a student,” she said, reflecting on the personal significance of the dividends.
In addition to the dividend distribution, Kaumaitotoya also unveiled the Employee Investment Scheme. This initiative allows workers to invest small portions of their paychecks, with dividends distributed every six months, making investment opportunities more accessible to everyday individuals.
Kaumaitotoya pointed out that the returns from the Unit Trust far surpass current term deposit rates, which remain below one percent. This creates an attractive opportunity for investors to effectively grow their savings.
CEO Vilash Chand added that the organization’s consistent dividend growth is due to a disciplined and diversified investment strategy. Continued investments in growth-oriented and high-yield stocks have been crucial for maintaining this upward trajectory in dividends, thus positioning the fund favorably for future success.
The support from the Unit Trust of Fiji significantly enhances financial stability for families while encouraging broader participation in investment practices that promise long-term benefits. Such initiatives not only alleviate immediate financial pressures but also foster a more investment-savvy community.