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LMP Londonmetric Property Plc

190.90
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Londonmetric Property Plc LMP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 190.90 16:29:47
Open Price Low Price High Price Close Price Previous Close
190.20 190.20 192.10 190.90 190.90
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Londonmetric Property LMP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/08/2024InterimGBP0.028529/08/202430/08/202408/10/2024
22/02/2024InterimGBP0.02429/02/202401/03/202408/04/2024
23/11/2023InterimGBP0.02430/11/202301/12/202311/01/2024
23/08/2023InterimGBP0.02431/08/202301/09/202309/10/2023
02/03/2023InterimGBP0.02309/03/202310/03/202312/04/2023
23/11/2022InterimGBP0.02301/12/202202/12/202210/01/2023
24/08/2022InterimGBP0.02301/09/202202/09/202207/10/2022
03/03/2022InterimGBP0.02210/03/202211/03/202212/04/2022
25/08/2021InterimGBP0.02202/09/202103/09/202108/10/2021
04/03/2021InterimGBP0.02111/03/202112/03/202115/04/2021
19/11/2020InterimGBP0.02126/11/202027/11/202008/01/2021
05/05/2020InterimGBP0.02318/06/202019/06/202022/07/2020

Top Dividend Posts

Top Posts
Posted at 22/11/2024 16:36 by essentialinvestor
Falling gilt yields (I'm guessing they've turned) should keep LMP in the UKX.
Posted at 22/11/2024 13:43 by essentialinvestor
SHED next in line for the LMP treatment..?.

It's not a question of if, but when they will acquire again.

Trading so close to NAV, they can also issue shares to buy off market, if they so choose.
Posted at 18/11/2024 18:46 by essentialinvestor
I added a small amount today, but even LMP getting hit now, with arguably the best CEO in the UK listed sector.
Posted at 01/10/2024 14:43 by wsm812
08/10/24 is dividend pay-out day. Typical that the share price is rising currently, as this affects those of us who will be re-investing. Oh well, as long as it keeps rising!
Posted at 05/9/2024 07:54 by wsm812
Nice to see BlackRock increasing their holdings in LMP
Posted at 29/8/2024 07:51 by alan@bj
Ex divi today. 2.8p per share.
Posted at 05/6/2024 12:28 by speedsgh
"The fourth quarterly interim dividend for 2024 of 3.0p per share, of which 1.5p is payable as a PID, will be payable on 22 July 2024 to shareholders on the register at the close of business on 14 June 2024."

"Q1 2025 dividend expected to be 2.85p (Q1 FY24: 2.4p), an increase of 18.8%, and in line with target to pay a 12 pence per share dividend for the full year."
Posted at 08/3/2024 09:18 by wsm812
HL will not re-invest my previous LXI dividend into LMP for the below reason:

"As these are two different lines of stock this dividend will not be reinvested in to the new line of stock."

Is this consistent across other platform/providers? TIA
Posted at 13/1/2024 12:20 by pyufak
I am not a financial analyst but I did notice the drop of income I'm going to receive due to switching to 0.55 LMP shares for every one of my LXI. No complaints as I am happy with the stronger and broader portfolio (and getting rid of the investment advisor and bringing asset management in house).

This got me thinking and very rough calculations ... is the enlarged LMP not going to be in an excellent position to increase the dividend substantially. Here's some back of a napkin logic prior but just wanted to put out there to see if anyone has looked at this before I look into it further:

H1 LMP paid 52.32m in dividends (1.09bn shares * 4.8pp)
H1 LXI paid 56.5785m in dividends (1.714.5bn shares * 3.3pp)
Total: 108.9m

Total shares of enlarged group = 1.09bn + (0.55 * 1.7145) = 2.032975bn

Total H2 dividend payments divided by outstanding shares: 5.356p for H1 for enlarged group vs. LMP currently paying 4.8. This is an 11.6% uplift.

This is just driven by LMP buying a higher yielding REIT but doesn't take into account any savings from investment advisor fee and economies of scales regarding debt costs because of the englarged group. The investment advisor fee alone could be worth just over a penny annually.
Posted at 18/12/2023 19:11 by pyufak
NAV vs. NAV I'd imagine is a good deal for LMP & LXI. At the end of September when both snapped for their most recent results - 30y gilt yields were 4.8%; now 4.1% and LXI has a 26y WAULT vs. LMP at 11y. In addition, LMP must be excited to to move all the LXI assets in house to avoid paying the 14m management advisor fee to Alvarium.

LXI have recently shown assets can be sold at book value and I am sure LMP will be recycling what they don't like in fairly short order if they wished. I'm increasingly excited this is a good deal for both sides, albeit LXI shareholders benefit the most in the short term as I am hoping we're taken out at NAV.

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