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Article: Alpha Pyrenees.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- September 21, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Alpha Pyrenees' share price is off but the business is on track Algy Hall
French and Spanish commercial property group Alpha Pyrenees is very much on track with its plans and is now more than half-way towards being fully invested, at 60 per cent. This is reflected in its reaffirmed commitment to a 6p dividend this year and 7p next. And because Alpha Pyrenees - unlike many of its high-yielding peers - is listed on the main market, dividends can be protected from the taxman through a self-invested personal pension (Sipp) or an individual savings account (Isa).
The offices, shops and warehouses that Alpha is using to generate these returns are not very ...