6 May 2021 07:00
06 May 2021
Ediston Property Investment Company plc
(LEI: 213800JRL87EGX9TUI28)
Announcement of Increased Interim Dividend
Declaration of Increased Interim Dividend
The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2021 of 0.4167 pence per share, as timetabled below:
Ex-Dividend Date: | 13 May |
Record Date: | 14 May |
Pay Date: | 28 May |
This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share, as announced on 8 April 2021, and is 25% higher than the previous dividend paid in April of 0.3333 pence per share.
The projected annualised yield based on the closing share price of 67.5 pence, as at 4 May 2021, would be 7.4%.
At the date of this announcement, rent collection is in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the Company will collect 93% of the rent due for the second quarter of 2021.
The Company will publish its Interim Report for the six months ended 31 March 2021 in the relatively near future, having announced the net asset value for 31 March 2021 on 23 April 2021.
End
Enquiries | ||
Will Barnett | - Investec Bank plc | 0207 597 5873 |
Calum Bruce | - Ediston Investment Services Limited | 0131 225 5599 |
Ruth Wright | - JTC | 0203 893 1011 |
Ben Robinson | - Kaso Legg Communications | 0203 995 6672 |
Stephanie Ross | - Kaso Legg Communications | 0203 995 6676 |