Property group Spear upbeat over dividend after reaching pandemic goals
The specialist property fund expects growth to return in the second half of the financial year
30 October 2020 - 18:50
Spear Reit, the only JSE-listed Western Cape specialist property fund, expects to experience dividend growth to return in the second half of the financial year to February 2021 now that SA is working under level 1 lockdown regulations.
The dividend payout of the company, which owns a R4.46bn portfolio, fell for the first time since it listed on the JSE’s AltX in November 2016 and the main board of the exchange in May 2017...
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