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Resilient REIT expects between 24% and 26% dividend per share growth for six months ended 31 December 2015

Posted On Monday, 25 January 2016 12:37 Published by
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Resilient REIT, formerly Resilient Property Income Fund expects that dividend per share will increase between 24% and 26% for the six months ended 31 December 2015.

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Accordingly, shareholders are advised that Resilient anticipates that the dividend per share for the six months ended 31 December 2015 will be between 230.17 cents and 233.88 cents per share.

This represents an increase of between 24% and 26% on the 185.62 cents per share for the six months ended 31 December 2014.

“The results reflect the impact of capital raisings, particularly the rights issue of June 2015, which reduced the cost of funding, the decline in the value of the Rand and a solid performance by the property portfolio,” the company said.

Last modified on Monday, 25 January 2016 13:11
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