Business
Dividend Update and Declaration
Dividend Update and Declaration.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n RNS Number : 9571M\n Triple Point Social Housing REIT\n 14 May 2020\n \n \n \n \n 14 May 2020\n \n \n Triple Point Social Housing REIT plc\n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n DIVIDEND UPDATE AND DECLARATION\n \n \n \n \n \n Dividend Update \n \n \n \n \n \n Following the collection of 100% of rents due for Q1 2020, the timely collection of rents due for April 2020, and all 107 leases that were due to increase their rents in April successfully increasing rents in line with CPI, the Company intends to maintain its strategy of paying a progressive dividend.\n \n \n \n \n \n The Company is therefore targeting an aggregate dividend of 5.18 pence per Ordinary Share in respect of the financial year ending 31 December 20201, an increase of 1.7 per cent on the 5.095 pence per share paid in respect of 2019. This increase is in line with February 2020 Consumer Price Index growth.\n \n \n \n \n \n Dividend Declaration\n \n \n \n \n \n The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO) has declared an interim dividend in respect of the period from 1 January to 31 March 2020 of 1.295 pence per Ordinary Share, payable on or around 26 June 2020 to holders of Ordinary Shares on the register on 22 May 2020. The ex-dividend date will be 21 May 2020.\n \n \n \n \n \n 1.1655 pence of this dividend will be paid as a Property Income Distribution (\"PID\") in respect of the Company's tax exempt property rental business and 0.1295 pence will be paid as an ordinary UK dividend (\"non-PID\").\n \n \n \n \n \n Outlook\n \n \n \n \n \n The COVID-19 pandemic has highlighted the value of specialised supported housing for people with care and support needs. Such accommodation relieves pressure on the NHS and the care sector by enabling people to move out of institutional care settings whilst simultaneously unlocking better outcomes for individuals by allowing them to live more independently and as part of a community.\n \n \n \n \n \n \n Note: \n \n \n \n \n \n \n \n 1\n \n \n \n The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.\n \n \n \n \n \n \...