LONDON (Alliance News) - TOC Property Backed Lending Trust PLC on Thursday declared a 1.50 pence per share interim dividend for the period between March 1 and May 31.
The payout will be issued to shareholders, on the register as at June 14, on July 4.
For the comparative period a year ago, the trust issued a dividend of 1.75p however, if decided to reduce the payment "in light of the slow down in the property market and wider political uncertainties".
Currently, the firm expects to propose a third interim and fourth dividend of 1.50p respectively, "in the absence of unforeseen circumstances".
TOC Property Backed Lending Trust shares were trading 3.2% lower at 100.20p each on Thursday afternoon.