Londonmetric Property Dividends - LMP

Londonmetric Property Dividends - LMP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Londonmetric Property Plc LMP London Ordinary Share GB00B4WFW713 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.20 0.09% 219.00 16:35:03
Close Price Low Price High Price Open Price Previous Close
219.00 214.40 222.60 222.60 218.80
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Industry Sector

Londonmetric Property LMP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

speedsgh: PLACING TO FUND ACQUISITIONS AND DEVELOPMENTS - HTTP:// · Proposed Placing to raise approximately £97 million of gross proceeds (based on the closing share price on 22 March 2017). The Placing will enable the Company to accelerate its portfolio alignment towards distribution by: o increasing its exposure to the attractive returns available from last mile distribution; and o building out three new developments following material progress on pre-lettings, as announced separately today. · The Net Proceeds will be used to fund committed and potential investments and new developments that amount to c.£100 million: o £42 million to fund distribution developments at Dagenham, Stoke and Crawley, totalling 560,000 sq ft, at an anticipated yield on cost of 6.2% o £28 million to fund recently completed distribution investments acquired at a blended net initial yield of 5.9% and a reversionary yield of 6.4% o £30 million to fund a pipeline of last mile and regional distribution investments. · The Company expects to deploy c.75% of the Net Proceeds within six months. The Placing is expected to be earnings per share accretive following completion of the three developments, which is expected to occur over a 9 to 12 month period. · The Company's progressive and covered quarterly dividend policy remains unchanged, and the Placing is complementary to its unsecured credit facility where the marginal cost on further debt drawn is 1.5%. Andrew Jones, Chief Executive Officer of LondonMetric, commented: "Our increased commitment to last mile acquisitions and short cycle distribution developments, together with a healthy pipeline of further opportunities, will support our plans to grow our distribution exposure to at least 70% within a year. Earlier this week, we secured two further last mile acquisitions and today we have announced major pre-lettings to Eddie Stobart and Michelin, alongside the letting to Amazon. These transactions highlight the compelling market opportunities that exist and we expect to deploy raised funds at pace, leading to accretive earnings whilst maintaining a progressive and fully covered dividend. "Structural trends in consumer behaviour and shopping patterns are continuing to drive demand for distribution, from last mile facilities to mega sheds, but supply remains constrained. For those with market access and knowledge, investments in the sector are able to create long-term, reliable income. At LondonMetric, we have 99.6% occupancy and our assets are backed by some of the biggest retailers and logistics groups."
jeffcranbounre: LondonMetric is featured in today's ADVFN podcast. To listen to the podcast click here> In today's podcast: - Alan Green CEO of will be chatting about European QE and a steady company that pays a dividend, who shares price has trebled in price over the last 5 years. Alan on Twitter is @TradersOwn - And the micro and macro news including: Afren #AFR Sky #SKY Capita #CPI LondonMetric Property #LMP Balfour Beatty #BBY WS Atkins #ATK Aggreko #AGK Victoria Oil & Gas #VOG Petrofac #PFC NAHL #NAHL Rio Tinto #RIO IG Group #IGG Unilever #ULVR Aviva #AV. Friends Life #FLG William Hill #WMH Stock Spirits Group #STCK Centaur Media #CAU TSB Banking #TSB Synthomer #SYNT Coca-Cola HBC #CCH Sula Iron & Gold #SULA   Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register.   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register. But as a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
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