1 Feb 2018 07:00
1 February 2018
LEI: 213800FG3PJGQ3KQH756
Drum Income Plus REIT plc("Drum" or the "Company")
Dividend Declaration
The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 31 December 2017. This represents an increase of 9.1% on 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 February 2018 to shareholders on the register as at 9 February 2018. The ex-dividend date will be 8 February 2018.
The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2018*. At the current share price of 96.5p this would represent an annualised dividend yield of 6.22%.
*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.
Enquiries:
Drum Real Estate Investment Management (Investment Manager) |
|
Bryan Sherriff | 0131 285 0050 |
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) |
|
Sue Inglis (Corporate Finance) | 020 7894 8016 |
Richard Sloss (Sales) | 0131 257 4626 |
Dickson Minto W.S. (Sponsor) |
|
Douglas Armstrong | 020 7649 6823 |
Drum Income Plus REIT plc | |
Martin Cassels, Company Secretary | 0131 550 3760 |
Weber Shandwick (Financial PR) | |
Richard Bright | 0131 556 6649 |
Nick Oborne | 020 7067 0721 |