26 Sep 2019 16:39
26 September 2019
Yew Grove REIT plc
(the "Company" or "Yew Grove")
Third Quarter Dividend
Yew Grove REIT plc (LSE:YEW, Euronext Dublin:YEW), an Irish commercial property REIT which owns a diversified portfolio of Irish commercial property assets, announces that the Board of Directors has approved the payment of an interim ordinary dividend in respect of the third quarter 2019 period from 1 July 2019 to 26 September 2019 of 1.38 cents per ordinary share. This dividend will be paid (or CREST accounts credited) on 24 October 2019 to shareholders on the register on 4 October 2019 with a corresponding ex-dividend date of 3 October 2019. The Property Income Distribution ("PID") element of this interim ordinary dividend is 1.38 cents per ordinary share.
This interim ordinary dividend is consistent with the Company's target of paying a sustainable quarterly dividend out of net income and brings the total aggregate year to date dividend distribution per ordinary share to 5.71 cents.
Enquiries:
Yew Grove REIT plc | Tel: +353 (1) 485 3950 | ||||
Jonathan Laredo, Chief Executive Officer | |||||
Charles Peach, Chief Financial Officer | |||||
Michael Gibbons, Chief Investment Officer | |||||
Investec Bank plc | |||||
NOMAD & Joint Broker: David Anderson, Cassie Herlihy | Tel: +44 (0) 20 7597 5970 | ||||
ESM Advisor & Joint Broker: Tommy Conway, Eoin Kennedy
| Tel: +353 (1) 421 0000
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Goodbody Stockbrokers | |||||
Joint Broker: David Kearney, Joe Gill | Tel +353 (1) 667 0400 | ||||
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IFC Advisory Financial PR Tim Metcalfe, Graham Herring | Tel +44 (0) 203 934 6600 | ||||
Notes to editors:
Yew Grove REIT plc, quoted on the London Stock Exchange's AIM and Euronext Growth Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District. Yew Grove's highly experienced team has a proven track record in commercial property investment in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.
ENDS