South Africa's Redefine Properties defers dividend decision

South Africa's Redefine Properties defers dividend decision


AfricaSouth Africa's Redefine Properties defers dividend decision
Reuters
2 minute read
Shareholders of South Africa's Redefine Properties (RDFJ.J) will have to wait a little longer for a dividend after the company said on Friday that it has deferred a decision on an interim payout until the release of annual results in November.
The owner of retail, office and industrial properties cited the effects of the COVID-19 pandemic and its impact on the company's business operations, adding that the deferral is a precautionary measure to provide additional flexibility and bolster liquidity.
On Thursday Redefine flagged a 21.8% decrease in half-year distributable income per share, which reflects the portion of income paid to shareholders.

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