Westfield to meet distribution guidance

Shopping centre developer Westfield Group expects to pay its security holders a distribution of 24.75 cents for the first half of the 2012/13 financial year.

The distribution, to be paid at the end of February, is in line with its previous forecasts of full-year dividends of 49.5 cents per security in the 2012/13 financial year.

Westfield Retail Trust, which only holds interests in Westfield's Australian and New Zealand shopping centres, said it expected to pay its securityholders a 9.5 cents interim distribution.

Both Westfield companies are due to report their first-half financial results on February 27.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9327-0.0005-0.05%
    AUDUSD=X
    0.5555-0.0003-0.05%
    AUDGBP=X
    0.6753-0.0003-0.05%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg