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 6August. 

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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