Civitas Social Housing PLC Update research from QuotedData
September 12 2019 - 8:05AM
RNS Non-Regulatory
TIDMCSH
Civitas Social Housing PLC
12 September 2019
Civitas Social Housing - Update research from QuotedData
12(th) September 2019
Targeting full dividend cover
Civitas Social Housing (CSH) has secured a new GBP60m debt
facility that it will use to buy new properties. This will increase
its rental income and move CSH very close to full dividend cover.
CSH has the option to extend the new loan by another GBP40m and is
also in advanced negotiations to secure a separate GBP70m loan.
QuotedData estimates that, if CSH moves to a fully invested
position, which it expects to by the end of March 2020, it should
comfortably be able to fully cover its dividend from
operations.
Full research:
https://quoteddata.com/research/civitas-social-housing-targeting-full-dividend-cover/
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END
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