Business
Quarterly Dividend & Increased Dividend Target
Quarterly Dividend & Increased Dividend Target.
About this update from Residential Secure Income Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1209U\n Residential Secure Income PLC\n 01 December 2021\n \n \n \n \n 1 December 2021\n \n \n Residential Secure Income plc \n \n \n Dividend Declaration \n \n \n \n \n \n Residential Secure Income plc (\"ReSI\") (LSE: RESI),\n \n which invests in\n independent retirement living and shared ownership to deliver secure, inflation-linked returns\n , is pleased to announce an increase to the dividend target to be paid in the financial year 30 September 2022. \n Reflecting the inflation linkage of the portfolio and that ReSI is now fully \n invested with a fully covered dividend from Q4 2021 (based on recurring income)\n , the dividend target has been increased in line with September CPI of 3.1% resulting in a new annual dividend target of 5.16 pence per Ordinary Share\n \n to be paid in the financial year to 30 September 2022\n \n \n 1\n \n .\n \n \n \n \n \n In line with this target ReSI has today declared a quarterly interim dividend of 1.29 pence per Ordinary Share to \n be paid on \n 21 January \n 202\n 2\n to Shareholders on the register as at \n 10 December \n 2021. The ex-dividend date is \n 9 December \n 2021.\n \n \n \n \n \n 0.\n 9\n 0\n \n pence \n of the dividend will be paid as a Property Income Distribution (\"PID\") in respect of the Company's tax-exempt property \n rental business \n and 0.\n 39\n \n pence \n \n will be paid as an Ordinary UK dividend (\"non-PID\n \").\n \n \n \n \n \n \n Over time, ReSI expects its dividends to increase broadly in line with inflation\n \n and targets a total return in\n \n excess of 8% per annum\n \n 1\n \n . ReSI intends to pay dividends to Shareholders on a quarterly basis.\n \n \n \n \n \n \n 1\n \n \n This is a \n target only and not profit \n a \n forecast. There can be no assurance that \n this\n \n target will be met.\n \n \n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n ReSI Capital Management Limited / TradeRisks Limited \n \n \n Ben Fry \n \n \n Alex Pilato\n \n \n \n \n \n \n \n +44 (0) 20 7382 0900\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jefferies International Limited \n \n \n Stuart Klein\n \n \n Tom Yeadon\n \n \n \n \n \n \n \n +44 (...