Dipula H1 distributable earnings up 9.5%

Through “sweating its assets”, JSE-listed Dipula Income Fund achieved 9.5% organic growth in its distributable earnings for the six months ended February 28, to R194.2-million, which further resulted in an increase in combined dividends a share of 6.3%. The dividend attributable to A-shares increased by 5% over the prior period to 50.6c apiece, while the dividend attributable to B-shares increased by 7.9% to 41.8c apiece.