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Axiata confident of delivering dividend target of 20 sen per share of 2024


is confident that it will be able to raise its dividend payout to 20 sen per share by 2024, which translates to a payout of RM1.8 billion in cash for a capital base of nine billion shares.
Group chief executive officer Datuk Izzaddin Idris said the telco has shifted its gear to transform into a high dividend company supported by short- to long-term strategies that would drive growth while creating long-term value for its shareholders.
Moving forward, our robust financial and structural fundamentals will bolster our defences against current and future uncertainties as we continue to capture emerging growth opportunities, accelerate digital transformation, invest in cutting-edge network infrastructure and deliver on the high dividend expectations of our shareholders,” he said in the Axiata Integrated Annual Report 2020 released today. ....

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Redefine's revenue slashed by 30% and dividend deferred


The South African listed property sectors has been one of the hardest hit and one of the slowest to recover, following the advent of the coronavirus pandemic and ensuing lockdowns. Redefine, the country’s second largest real-estate investment trust by market capitalisation, announced its interim results to February 28 2021 and there was very little to get excited about. Nearly every important performance metric was down on the prior period, with rental reversions arguably the most concerning barometer of performance. The diversified REIT has large exposure to office and retail space, with many property analysts forecasting weak demand in these sub-sector for time to come. – Justin Rowe-Roberts ....

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