Here’s how big the DEXUS (ASX:DXS) dividend yield will be in FY 2021

The DEXUS Property Group (ASX: DXS) share price has come under pressure on Friday despite the release of an announcement.

In afternoon trade the property company’s shares are down 1% to $9.60.

What did Dexus announce?

This afternoon Dexus released an announcement which revealed its expectations for its distribution for the six months ending 31 December 2020.

According to the release, the company is expecting to reward shareholders with a 28.8 cents per share distribution for the first half.

This represents a 6.6% increase on the prior corresponding period when Dexus paid out 27 cents per share to shareholders.

Dexus’ shares will trade ex-distribution for this on 30 December. After which, eligible shareholders can look forward…