Brief: Investore Property To Buy Large Format Retail Property In Auckland For NZ$36 Mln
06/08/2021 02:43
Aug 6 (Reuters) - Investore Property Ltd IPL.NZ :
* TO BUY LARGE FORMAT RETAIL PROPERTY IN AUCKLAND FOR NZ$36
MILLION
* EXPECT TO PAY AN ANNUAL CASH DIVIDEND OF 7.90 NZ CENTS PER
SHARE
* TO ANNOUNCE AN INCREASE IN DIVIDEND GUIDANCE FOR FY22 AND
NOW
EXPECT TO PAY AN ANNUAL CASH DIVIDEND OF 7.90 NZ CENTS PER SHARE
* AMENDED DISTRIBUTION POLICY TO A PAYOUT RATIO OF BETWEEN
90% AND
100% OF DISTRIBUTABLE PROFIT
Further company coverage: IPL.NZ
((Reuters.Briefs@thomsonreuters.com;))
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