Reunert lifts dividend, eyes growth in renewable energy
28 November 2022 - 11:43
Shares in ICT and electronics group Reunert leapt the most in four months after it upped its dividend after a recovery in electronic chip availability, fewer supply chain disruptions and the growth of its renewable energy business partly lifted its latest annual results.
The company, valued at R8.91bn on the JSE, increased its dividend 7.9% year on year to 299c as it saw “early signs of improvement” in the supply of semiconductors, which are high in demand as they are used in artificial intelligence and supercomputing...
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