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.

CNBC AFRICA

Source : African Media Agency (AMA)

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