Fairvest dividend up 10% for fourth year
Assuming no material deterioration in the macroeconomic environment, the company expects distribution growth of 9%-10% next year
05 September 2017 - 09:16
Fairvest Property Holdings is rewarding investors who favour consistent income returns. The company, which has a market capitalisation of R1.58bn and invests in retail assets weighted towards rural and community shopping centres servicing the lower living standards measure market, had a dividends increase of 10.04% year on year. This exceeded market guidance and culminated in distribution growth of more than 10% for the fourth year running. Fairvest declared a dividend of 18.333c a share.
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