Indluplace Properties is on target with dividend growth
Residential landlord Indluplace Properties grew its dividend 5.6% in the year to September, meeting its guidance forecasts. The first residential focused real estate investment trust (Reit) to list on the JSE remains a reliable income payer, delivering quarterly dividends, according to CEO Carel de Witt. He said Indluplace’s board was considering changing the dividend policy to make six-monthly or annual payments to shareholders more comparable to Reits with similar schedules. De Witt said the change would also help the company generate relatively higher dividend growth as the distributable earnings would sit longer in interest-earning accounts.
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