Investore to keep dividend intact as covid disruption limited

Wed, 03 Jun 2020

Investore Property expects to maintain its dividend payments in the coming year having largely shrugged off the impact of the covid-19 pandemic, with more than three-quarters of its portfolio occupied by ‘essential’ services. The large-format retail property owner paid annual dividends of 7.6 cents per share in the March year and expects to pay the same again in the coming year provided the economy doesn’t fall apart. Investore – whose tenants include Countdown supermarkets and Bunnings hardware stores – said it expects gross rent to fall...

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