Custodian REIT declares fifth interim dividend for 2021
UK-focussed property investment company Custodian REIT confirmed a fifth interim dividend per share for the financial year ended 31 March on Friday.
The London-listed firm said that, given the importance of income for shareholders and the board's objective of paying dividends at a level “broadly linked” to net rental receipts during the Covid-19 pandemic, it was declaring a fifth interim dividend of 0.5p per share.
“Reflecting the continuing robust levels of rent collection seen since the onset of the Covid-19 pandemic, this fifth interim dividend results in aggregate dividends per share for the year ended 31 March of 5p, fully covered by net cash receipts and 113% covered by EPRA earnings,” the board said in its statement.
Custodian REIT said the fifth interim dividend would be paid on 30 June to shareholders on the register on 19 May, and would be designated as a property income distribution.
At 1232 BST, shares in Custodian REIT were down 2.4% at 101.5p.