(Sharecast News) - Real estate investment trust LXI upped its quarterly dividend guidance on Thursday after experiencing some "robust rent collection" in the three months ending 30 September.
As a result, LXI REIT upped its quarterly dividend guidance by 4% to 1.35p per share and expects the payout to be fully covered by net rental income for the quarter.
For the quarter ended 30 June, the FTSE 250-listed group declared an interim quarterly dividend of 1.30p per share, in line with previous guidance.
As of 0830 BST, LXI shares were down 0.17% at 111.22p.
29 Feb 2024 21:44
IN BRIEF: Hollywood Bowl to replace LXi REIT in FTSE 250
Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling centre operator - To be added to FTSE 250 index with effect March 5, replaci...