Drum Income Plus REIT PLC Dividend Declaration (5542O)
30 January 2019 - 10:05PM
UK Regulatory
TIDMDRIP
RNS Number : 5542O
Drum Income Plus REIT PLC
30 January 2019
30 January 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 31 December 2018, 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 February 2019
to shareholders on the register as at 8 February 2019. The
ex-dividend date will be 7 February 2019.
The Board is targeting fully covered 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 94.5p this would
represent an annualised dividend yield of 6.3%.
*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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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