trending Market Intelligence /marketintelligence/en/news-insights/trending/ct6men_fqlq1uhrdcephjg2 content esgSubNav
In This List

Fairvest Property Holdings raises dividend

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Fairvest Property Holdings raises dividend

Retail real estate investment trust Fairvest Property Holdings Ltd. declared a final dividend of 10.344 South African cents per share for the six months ended June 30, bringing the total dividend for the year to 20.150 cents per share, a boost of 9.91% from 18.333 cents per share paid in the previous financial year.

Shareholders on record as of Oct. 5 will be eligible to receive the payout.

The company paid its shareholders an interim dividend of 9.806 cents per share in April.

Separately, the trust acquired the Libode Shopping Center for 49 million rand on Aug. 29., through its 55%-owned entity, FPP Property Ventures 120 Proprietary Ltd., Fairvest said in its latest earnings release.

As of Sept. 3, US$1 was equivalent to 14.85 South African rand.