Rupert’s Reinet ups dividend by double-digits amid nicotine boost
31 May 2022 - 08:35
UPDATED 31 May 2022 - 13:24
Reinet Investments, the investment outfit chaired by Johann Rupert, says its net asset value rose by almost double digits in its year to end-March, lifted by a solid performance by British American Tobacco (BAT), its second-biggest asset, and a reduction in debt.
Net asset value rose to 9.4% to €5.9bn (R98bn) to end-March, with the group upping its dividend by 12% to 0.28 euro cents, which is about 47% higher than that paid in 2020...
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