Stride maintains dividend despite potential $5.1m covid impact

Wed, 29 Jul 2020

Stride Property will maintain its dividend at 9.91 cents a share for the current financial year, despite financial impacts of covid-19 that it said could undermine profits by as much as $5.1 million this year. That impact could be partially offset, however, by activity-based income resulting in additional distributable profits in a range between $2.2 million and $3.6 million, chief executive Philip Littlewood said. Covid had also affected valuations of the Stride portfolio, now at $996.1 million excluding lease liabilities, a reduction of...

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