date:Mar 14, 2014
d as much as 4.7%. Morrison will pay a total dividend of 13 pence a share, up 10%.
The company will shed the real estate over the next three years. Morrison has come under pressure from hedge funds and investors seeking to get a better return from the companys 9 billion-pound real estate portfolio. The company will continue to own 80% of its property, Chief Financial Officer Trevor Strain said on a call today.
The property is also the subject of interest from private-equity funds including CVC