RL Commercial REIT, Inc. declared its maiden cash dividend, following its first Board of Directors meeting. Just over a month since its historic Philippine Stock Exchange debut, the RCR Board approved the declaration of its first cash dividend payout in the amount of PHP 0.062 per outstanding common share. Based on the listing price of PHP 6.45 per share, this is equivalent to an annualized yield of 5.77%, higher than RCR's dividend yield projection of 5.57% for 2021 according to its REIT plan. For 2022, RCR projected a dividend yield of 5.96% based on a price of PHP 6.45 per share. The Company declared dividends out of its unrestricted retained earnings from two months of operations starting August 2 to September 30, 2021, one month more than its stated commitment in the REIT plan. The cash dividends will be payable on 25 November 2021 to stockholders on record as of 19 November 2021. RCR's dividend policy is to distribute at least 90% of its distributable income, in compliance with the REIT Law.