Grit delivers 2.7% increase in FY17 distribution

Mauritius- and Johannesburg-listed Grit Real Estate Income Group on Thursday declared a distribution a share of $0.12 for the year ended June 30, a 2.7% increase on the prior year on the back of strong financial results. The seventh consecutive dividend comprised an interim dividend of $0.06 apiece, a clean-out dividend for the four months to April 30 of $0.05 a share and a final dividend for the two months to June 30 of $0.01 a share.