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Drum Income Plus REIT PLC  -  DRIP   

Dividend Declaration

Released 13:11 01-Nov-2018

RNS Number : 0671G
Drum Income Plus REIT PLC
01 November 2018
 

1 November 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 30 September 2018.  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 November 2018 to shareholders on the register as at 9 November 2018.  The ex-dividend date will be 8 November 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 94.5p this would represent an annualised dividend yield of 6.35%.

*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)

 

Robert Peel (Corporate Finance)

020 7894 7719

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

 


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Dividend Declaration - RNS