FINANCIAL RESULTS
JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday posted a 6.02% growth in dividend to 87.52c a share for the financial year ended September 30, in line with its forecast. However, Arrowhead is forecasting a 6.5% reduction in dividend growth for the 2018 financial year, as the impact of a volatile and deteriorating operating environment bites, sending the company’s shares plunging over 10% on the Johannesburg bourse on Wednesday morning.
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