Texton to slash dividend up to a quarter
Brexit and SA’s weak economy have weighed on the property group that ascribes lower net income to aspects such as significant rental reversions and continuing vacancies
16 September 2019 - 08:05
Texton Property Fund warned on Friday its dividend may fall as much as a quarter for the year to end-June, as Brexit and SA’s weak economy continued to weigh on its performance.
Texton anticipates it dividend per share to fall 18.49%-26.21%, to 65.90c-72.8c, for the period, it said after markets closed on Friday...
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