Drum Income Plus REIT

Dividend Declaration
RNS Number : 4820B
Drum Income Plus REIT PLC
30 January 2020
 

30 January 2020

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 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 21 February 2020 to shareholders on the register as at 7 February 2020.  The ex-dividend date will be 6 February 2020. 

The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2020*. At the current share price of 77.5p this would represent an annualised dividend yield of 7.74%.

*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


Maitland Administration Services (Scotland) Limited, Company Secretary

01245 398950

Weber Shandwick (Financial PR)


Richard Bright

0131 556 6649

Nick Oborne

020 7067 0721

 


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