Octodec mulls change to distribution policy
The group says it is reconsidering its policy to pay out 100% of distributable earnings in the light of Covid-19
24 July 2020 - 11:02
JSE-listed real-estate investment trust (Reit) Octodec Investments is considering changes to its policy of paying out 100% of distributable earnings due to the fallout from the Covid-19 pandemic.
The group, which has the majority of its properties in the Johannesburg and Tshwane city centres, said it expects to make its final decision on how much of its earnings it can pay out as a dividend, in November, but that its distribution per share for its year to end-August is expected to fall by at least 15%...
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