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Target Healthcare reaffirms dividend guidance amid 'strong' rental collection

By BFN News | 09:51 AM | Monday 06 July, 2020


Care home investor Target Healthcare reaffirmed dividend plans, while announcing that it had acquired a newly-developed care home in Bicester, Oxfordshire for £15m. The company said that, as a result of its strong rental collection, it was reaffirming its intention to pay a dividend for the quarter through June, in line with expectations. Target Healthcare said 96% of rent payable in respect of the recent quarter had been collected, after allowing for agreements on a limited proportion of the portfolio's 71 operational care homes to pay monthly in advance. 'The group's portfolio has continued to demonstrate its high quality and defensive characteristics throughout the Covid-19 pandemic,' the company said. At 9:51am: (LON:THRL) Target Healthcare Reit Ltd share price was +1.8p at 109.6p Story provided by StockMarketWire.com

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