Augusta Capital to lift annualised dividend payments 10% to 5.5c in 2017

Thu, 30 Jun 2016

By Jonathan Underhill July 1 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lift its dividend payments by 10 percent in the 2017 year saying the increase reflected the growth of its funds management business. Augusta expects its annualised distribution level to increase to 5.5 cents a share from 5 cents a year earlier per share paid. The firm diversified into funds management last year when it bought KCL Property and Investment Property Titles, giving it about 165 properties to manage, with some $...

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