Drum Income Plus REIT PLC Dividend Declaration (0857E)
May 04 2017 - 2:00AM
UK Regulatory
TIDMDRIP
RNS Number : 0857E
Drum Income Plus REIT PLC
04 May 2017
4 May 2017
Drum Income Plus REIT plc
("Drum" or the "Company")
Dividend Declaration
The Company announces an interim dividend of 1.375p per share in
respect of the quarter ended 31 March 2017. This represents an
increase 4.8% on 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
26 May 2017 to shareholders on the register as at 12 May 2017. The
ex-dividend date will be 11 May 2017.
The Board is targeting fully covered aggregate quarterly
dividends of at least 5.5p per share in respect of the year ending
30 September 2017 and at least 6.0p per share in respect of the
year ending 30 September 2018*.
*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)
Sue Inglis (Corporate Finance) 020 7894 8016
Richard Sloss (Sales) 0131 240 3863
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 company news service from the London Stock Exchange
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