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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Empiric Student Property Plc | LSE:ESP | London | Ordinary Share | GB00BLWDVR75 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.70 | 0.75% | 93.70 | 92.90 | 93.40 | 93.90 | 92.30 | 92.70 | 624,156 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 80.5M | 53.4M | 0.0885 | 10.54 | 562.88M |
TIDMESP
RNS Number : 8465T
Empiric Student Property PLC
11 January 2017
11 January 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Dividend Declaration
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has declared a dividend of 1.55 pence per Ordinary Share in respect of the quarter ended 31 December 2016, payable on or around 8 February 2017 to Ordinary Shareholders on the register on 20 January 2017. The ex-dividend date will be 19 January 2017.
0.93 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.62 pence will be paid as an ordinary UK dividend ("non-PID").
The Board is targeting a dividend of 6.1p per share for the 12 months ending 30 June 2017(1) . The Board expects all future dividend payments to be substantially, if not fully, covered by adjusted earnings with effect from January 2017.
Note:
(1) The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.
For further information on the Company, please contact:
Empiric Student Property plc (via Newgate below) Paul Hadaway (Chief Executive) Tim Attlee (Chief Investment Officer) Michael Enright (Chief Financial Officer) Akur Limited (Joint Financial Tel: 020 7493 3631 Adviser) Tom Frost Anthony Richardson Siobhan Sergeant Jefferies International Limited Tel: 020 7029 8000 (Joint Financial Adviser and Broker) Gary Gould Stuart Klein Newgate (PR Adviser) Tel: 020 7680 6550 James Benjamin Em: empiric@newgatecomms.com Zoe Pocock Lydia Thompson
Further information on Empiric can be found on the Company's website at www.empiric.co.uk.
Notes:
Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student(R) operating platform in partnership with universities, (ii) offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.
The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 11, 2017 02:00 ET (07:00 GMT)
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