30 Jan 2020 15:25
30 January 2020
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 2019, the same level as 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 21 February 2020 to shareholders on the register as at 7 February 2020. The ex-dividend date will be 6 February 2020.Â
The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2020*. At the current share price of 77.5p this would represent an annualised dividend yield of 7.74%.
*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.
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Enquiries:
Drum Real Estate Investment Management (Investment Manager) | Â |
Bryan Sherriff | 0131 285 0050 |
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) | Â |
Robert Peel (Corporate Finance) | 020 7894 7719 |
Richard Sloss (Sales) | 0131 257 4626 |
Dickson Minto W.S. (Sponsor) | Â |
Douglas Armstrong | 020 7649 6823 |
Drum Income Plus REIT plc | |
Maitland Administration Services (Scotland) Limited, Company Secretary | 01245 398950 |
Weber Shandwick (Financial PR) | |
Richard Bright | 0131 556 6649 |
Nick Oborne | 020 7067 0721 |
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DRIP.L (DRIP)