New African Properties Limited has announced a dividend of 11.58 thebe per unit

Declaration date: 11/04/2019

Record date: 03/05/2019

Pay date: 17/05/2019

Ex dividend date: 30/04/2019

For year end date: 31/07/2019

Period end date: 31/01/2019

Gross dividend: 0.1158

Net dividend: 0.107115

Marker: ISC

Frequency: SMA

Tax rate: 7.5

About the company

New African Properties Limited, listed on the Botswana Stock Exchange is a public variable rate loan stock company which offers investors the opportunity to share in a diversified portfolio of 64 well-established and well-positioned properties made up of a mix of retail, commercial and industrial properties with quality tenants. Its primary focus is the retail property sector. NAP aims to provide positive returns to investors by investing in appropriate retail properties; maintaining a profile of strong, quality tenants; maximising contractual rentals and minimising rental arrears, bad debts and vacancies; and optimising expenditure using a sound governance framework and skilled service providers. New African Properties Limited is a subsidiary of Cash Bazaar Holdings (Proprietary) Limited.