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Real Estate

Sirius Real Estate expects to hike full-year dividend by around one-sixth

This expected increase is predominantly due to an increase in funds from operations for the financial year ended 31 March 2022.

Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) said it expects its total dividend for the year ending 31 March 2022 to be between 4.389 cents and 4.427 cents per share.

The dividend payment would represent an increase of between 15.5% and 16.5% year on year, the owner and operator of branded business and industrial parks said in a brief trading statement.

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