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Yew Grove REIT PLC   -  YEW   

Fourth Quarter Dividend

Released 12:06 13-Feb-2020

RNS Number : 9420C
Yew Grove REIT PLC
13 February 2020
 

 

Yew Grove REIT plc

(the "Company" or "Yew Grove")

 

Fourth 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 fourth quarter 2019 period from 1 October 2019 to 31 December 2019 of 1.04 cents per ordinary share. This dividend will be paid (or CREST accounts credited) on 19 March 2020 to shareholders on the register on 21 February 2020 with a corresponding ex-dividend date of 20 February 2020. The Property Income Distribution ("PID") element of this interim ordinary dividend is 1.04 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 6.75 cents.

 

Enquiries:

Yew Grove REIT plc

+353 1 485 3950

Jonathan Laredo, Chief Executive Officer


Charles Peach, Chief Financial Officer


Michael Gibbons, Chief Investment Officer




Goodbody Stockbrokers UC

+353 1 667 0400

Joint Broker & Euronext Growth Advisor


David Kearney, John Flynn, Edel O'Reilly, Ronan Bransfield




Liberum Capital Limited


Joint Broker & Nomad

+44 20 3100 2000

Richard Crawley, Jamie Richards, Jonathan Wilkes-Green




IFC Advisory

+44 20 3934 6630

Financial PR

yewgrovereit@investor-focus.co.uk

Tim Metcalfe, Graham Herring


 

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


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Fourth Quarter Dividend - RNS