Investec Property Fund set to reward
Investment professional says shareholders will benefit from robust balance sheet and bedded-down acquisitions
18 May 2017 - 05:25
Investec Property Fund (IPF) has bedded down major acquisitions that were made in the past couple of years and is now set to provide investors with strong returns after a challenging financial period. The company announced a final dividend of 66.74c per share for the six months ended March, taking the full-year dividend to 127.65c per share. This represents full-year growth of 2.4% in its dividend payout for the year to March, slightly ahead of expectations.
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