Vukile increases dividend by 10.5%

Vukile Property Fund has reported an increase in funds from operations (FFO) per share as well as a larger dividend for the year to end-March.

FFO per share, which is used by real estate and other investment trusts to define the cash flow from trust operations, rose 6.7% to 154.2c for the year to end-March. It declared a final dividend of 72.1c, taking the total dividend to 124.2c, up 10.5% from the previous year…

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