25 April 2019

DRIP REIT - Dividend Declaration (25/04/2019)

To:       RNS
From:   Drum Income Plus REIT plc
LEI:      213800FG3PJGQ3KQH756
Date:    25 April 2019

Dividend Declaration

The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 31 March 2019, the same level as the dividend paid in respect of the same period last year.  The whole of the dividend will be designated as an interim property income distribution. This dividend will be paid on 24 May 2019 to shareholders on the register as at 10 May 2019. The ex-dividend date will be 9 May 2019. 

The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2019*. At the current share price of 90.5p this would represent an annualised dividend yield of 6.6%.

*Target returns only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of expected or actual current or future results

More news