This comes as high interest rates continue to hurt the listed property sector, and the SA economy still struggles to muster even 1% GDP growth. Redefine reported DIPS of 50.02 cents, compared to 51.53c in FY2023, while DPS came in at 42.52c versus 43.80c.
The Reit's board declared a final dividend of 22.25 cents per share for the six months ending 31 August, representing a dividend payout ratio of 90%.
Together with its interim dividend, the total DPS for the year came to 42.52c.
This story is from the November 05, 2024 edition of The Citizen.
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This story is from the November 05, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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