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viewEdiston Property Investment Company Plc

Ediston Prop Inv - Dividend Declaration

RNS Number : 9942X
Ediston Property Inv Comp PLC
03 September 2020
 

 

 

03 September 2020

 

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Announcement of Interim Dividend & Rent Collection Update

 

Declaration of Interim Dividend

 

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 August to 31 August 2020 of 0.3333 pence per share, as timetabled below:

 

Ex-Dividend Date:

10 September 2020

Record Date:

11 September 2020

Pay Date:

30 September 2020

 

This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is unchanged from the previous dividend declared on 6 August. 

Quarter 3 rent collection update

Rent collection for the quarter has progressed in line with previous forecasts, with the monthly rent payers continuing to meet commitments. As a result, the Company is on track to collect 90.9% of the rent due for the third quarter and to continue to pay the dividend at the above rate for this quarter. On this basis, the current dividend level would be 131% covered by rent collected (less expenses) for quarter three and potentially as high as 140%, after taking into account deferred rent covered by payment plans.

 

End

 

Enquiries



Will Barnett

- Investec Bank plc           

0207 597 5873

Calum Bruce

- Ediston Investment Services Limited

0131 225 5599

Ruth Wright

- JTC                       

0203 893 1011

Ben Robinson

- Kaso Legg Communications

0203 995 6672

Stephanie Ross

- Kaso Legg Communications       

0203 995 6676

                                                                                               

                                                                                               

                                                                                                               

                                                                                               

                                                                               

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