Balwin Properties, a sectional title unit developer, is on track to continue providing investors with strong dividend growth for some time, having grown its payouts 48% in the year to February, according to CEO Stephen Brookes. The group that listed in 2015 has expanded rapidly over the past financial year, with revenue up 30% to R2.7bn and profit after tax rising 18% to R661m. Its dividend growth looks set to place it among the highest income payers in the listed property sector during this results season. Stanlib’s listed property team have forecast 7.5% dividend growth for the listed property sector in 2017, down from double-digit income returns in previous years. "We have delivered an excellent performance underpinned by our high-quality, affordable product offering coupled with exceptional project cost management," said CEO Stephen Brookes. "The fact that we operate in diverse locations across high-density urban nodes ensures the sustainability of our business and ability to cr...

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