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Rupert to pay Reinet shareholders 2.5% more in dividends

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The outburst from Johann Rupert at the Annual General Meeting of Remgro  are at last, switching on some lights where it really matters.
The outburst from Johann Rupert at the Annual General Meeting of Remgro are at last, switching on some lights where it really matters.
Rapport

Cape Town – Reinet Investments chairperson Johann Rupert on Wednesday announced that the company wants to pay €0.161 (R2.82) per share to shareholders, increasing its dividend by 2.5%.

Delivering his financial report for the year ended March 31, Rupert said the group would act with prudence to maintain a pattern of long-term growth for shareholders.

Reinet’s shares on the JSE were trading 0.19% higher at R34.44 at midday on Wednesday. The company has a market cap of R67.48bn.

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