IN BRIEF: Sirius Real Estate sees double-digit rise in annual dividend

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Sirius Real Estate Ltd - operator of business parks, offices and industrial complexes in Germany - Expects its total dividend to rise to between 4.389 rand cents and 4.427 cents for the financial year ended March 31, representing an increase of 16% to 17% compared to 3.800 cents in the prior year.

The higher payout is predominantly due to an increase in funds from operations. The company expects to release full-year results next Monday.

Stock price close in London: 113.60 pence

12-month change: up 11%

Stock price close in Johannesburg: R 21.67

12-month change: up 13%

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