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Octodec soars as company doubles payout

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Investors can expect a distribution of as much as R1.40 a share for the year to end-August, property company says 🔒

Octodec Investments shares rose as much as 20% on Thursday after the property company said distributions per share for 12 months ending August 2022 will more than double from a year earlier.

Distributable income per share is seen rising to between 158c and 185c, an increase of between 17% and 37% from the previous corresponding period, while the full-year distribution will be between 117c and 140c a share. That includes an interim dividend of 50c a share paid in May...

 

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