Texton declares special dividend and return of capital

Texton Property Fund Limited (JSE:TEX) has announced a special gross dividend of ZAR 20.13 cents per share from income reserves stemming from the 2025 financial year profits. This dividend is subject to South African Reserve Bank approval. Additionally, the Board has approved a return of contributed tax capital of ZAR 79.87 cents per ordinary share, also contingent on regulatory approval. The key dates include a declaration date of April 22, 2025, and a payment date of May 26, 2025, for both distributions, with ex-dividend trading commencing on May 21, 2025. The distributions have tax implications for both SA and non-SA residents.