Texton Property Fund cancels dividend due to Covid-19
The group had intended to pay about R60m to shareholders at the end of March, but has cancelled this due to the coronavirus
24 March 2020 - 12:12
Texton Property Fund has opted to cancel about R60m in interim dividend payments in order to shore up its balance sheet in the wake of the coronavirus outbreak.
The dividend had been due to be paid on March 30, but the landlord said the 21-day lockdown announced by President Cyril Ramaphosa on Monday “will no doubt exacerbate the difficulty our tenants face in SA”...
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