Property group Rockcastle (ROC) on Thursday declared its maiden cash dividend at 4.56 US cents per share for the nine months to December 2012‚ following its secondary listing on the JSE’s AltX in July 2012.

Headline earnings per share in the three months to December were 5.36 US cents‚ and 10.75 US cents in the nine months. No comparative figures were provided.

Rockcastle‚ which has a primary listing on Stock Exchange of Mauritius‚ said its portfolio continued to deliver sound returns despite a volatile global macroeconomic environment.

“The board is confident that a dividend yield of between 7% and 9% on the initial share issue price of 100 US cents per share‚ will be achieved for the financial period ending June 30 2013‚” the company said.