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Drum Income Plus REIT PLC   -  DRIP   

Dividend Declaration

Released 07:00 25-Oct-2019

RNS Number : 0659R
Drum Income Plus REIT PLC
25 October 2019
 

25 October 2019

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 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 22 November 2019 to shareholders on the register as at 8 November 2019.  The ex-dividend date will be 7 November 2019. 

 

The Board is targeting aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2019*. At the current share price of 80.5p this would represent an annualised dividend yield of 7.5%.

 

*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

 

George Bayer, Company Secretary

01245 398984

Weber Shandwick (Financial PR)

 

Nick Oborne

020 7067 0721

 


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Dividend Declaration - RNS