Growthpoint Properties Australia Limited (ASX:GOZ)
says it will pay a half yearly dividend of 9.9 cents per share.
Looking ahead Growthpoint says it expects to see a 4.1 per cent increase in dividends for the 2016 financial year.
The estimated total of 20.5 cents is to be paid in two lots, 10.2 cents per share on 29th February 2016 followed by another 10.3 cent per share due on 31st August next year.
The fast growing Growthpoint will also enter the S&P/ASX200 index at the end of this week.
Growthpoint Properties reported a net profit of $141.8 million for the first half of the 2015 financial year.