04 May 2018
DRIP REIT - Dividend Declaration, May 2018
2 May 2018
Drum Income Plus REIT plc
("Drum" or the "Company")
The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 31 March 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 25 May 2018 to shareholders on the register as at 11 May 2018. The ex-dividend date will be 10 May 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 95.5p this would represent an annualised dividend yield of 6.28%.
*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.