Growthpoint re-investment of dividend: What are the tax implications?
The property sector has faced headwinds and uncertainty, caused by COVID-19. However, Growthpoint has decided to go ahead with a final dividend of 40c per share for the year to ended June. This is to meet requirements to retain its status as a Real Estate Investment Trust. The total dividend for the year will amount to 146 cents per share. And shareholders will be entitled to re-invest the net cash dividend, in return for Growthpoint shares. Growthpoint CEO, Estienne de Klerk joins CNBC Africa for more.
The post Growthpoint re-investment of dividend: What are the tax implications? appeared first on CNBC Africa.
Source : African Media Agency (AMA)
