Drum Income Plus REIT PLC Dividend Declaration (5339W)

TIDMDRIP

RNS Number : 5339W

Drum Income Plus REIT PLC

02 August 2018

2 August 2018

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 30 June 2018. This represents an increase of 9.1% 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 24 August 2018 to shareholders on the register as at 10 August 2018. The ex-dividend date will be 9 August 2018.

The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2018*. At the current share price of 94.5p this would represent an annualised dividend yield of 6.35%.

*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 
 

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August 02, 2018 02:02 ET (06:02 GMT)