Hyprop Investments, which owns malls including Rosebank Mall, Hyde Park Corner and Canal Walk, expects distribution per share for its year to end-June to fall 15% as a result of the economic pressure on its business caused by Covid-19,  and a change in its dividend policy.

The group said in a trading statement that it expects its dividend for its year to end-June to fall steadily from the 744.89c it paid out previously. In December, the group announced it would pay out 92% of distributable earnings to shareholders until further notice, from 100% previously...

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