Growthpoint Properties Ltd. declared an interim dividend of 101.2 South African cents per share for the six months ended Dec. 31, 2017.
The previous payout was 100.8 cents per share.
The diversified real estate investment trust said shareholders may opt to reinvest the net cash dividend in exchange for Growthpoint shares. Subject to market conditions, Growthpoint's board may elect to withdraw this option and would notify shareholders before March 9 if the board decides to do so.
As of Feb. 27, US$1 was equivalent to 11.71 South African rand.
