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Residential Secure Income PLC   -  RESI   

Dividend Declaration

Released 07:00 21-Nov-2019

RNS Number : 1300U
Residential Secure Income PLC
21 November 2019
 

21 November 2019

Residential Secure Income plc

Dividend Declaration

 

 

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable Shared Ownership, retirement and Local Authority housing, is pleased to declare an interim dividend of 1.25 pence per Ordinary Share for the period from 1 July 2019 to 30 September 2019.

 

0.500 pence of the dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.750 pence will be paid as an Ordinary UK dividend ("non-PID"). The dividend will be paid on 27 December 2019 to Shareholders on the register as at 6 December 2019. The ex-dividend date is 5 December 2019.

 

Including this interim dividend, the Company will have paid 5 pence per Ordinary Share for the financial year ended 30 September 2019, in line with our target at IPO and reaffirmed in our 2018 Annual Report.

 

Over time, ReSI expects its dividends to increase broadly in line with inflation, and targets a total return in excess of 8% per annum1.  ReSI intends to pay dividends to Shareholders on a quarterly basis and in accordance with the REIT regime.

 

1 These are targets only and not a profit forecast. There can be no assurance that the targets will be met.

               

FOR FURTHER INFORMATION, PLEASE CONTACT:  

 

ReSI Capital Management Limited / TradeRisks Limited

Ben Fry

Alex Pilato

Mark Rogers

Jonathan Slater

 

+44 (0) 20 7382 0900

 

 

 

Jefferies International Limited

Stuart Klein

Gary Gould

+44 (0) 20 7029 8000

 

FTI Consulting               

Richard Sunderland

Claire Turvey

Richard Gotla

+44 (0) 20 3727 1000

Email: resi@fticonsulting.com

 

NOTES:

ReSI does not manage or operate stock and uses experienced and credit-worthy third party managers.

Further information on ReSI is available at www.resi-reit.com 

 


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Dividend Declaration - RNS