26 July 2019
DRIP REIT - Dividend Declaration (26/07/2019)
Drum Income Plus REIT plc
("Drum" or the "Company")
The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 30 June 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 23 August 2019 to shareholders on the register as at 9 August 2019. The ex-dividend date will be 8 August 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 80.5p this would represent an annualised dividend yield of 7.5%.
*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.