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.

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