LXI REIT raises quarterly dividend guidance
LXI Reit
100.80p
16:34 05/03/24
0.00%
0.00p
Real estate investment trust LXI upped its quarterly dividend guidance on Thursday after experiencing some "robust rent collection" in the three months ending 30 September.
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
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FTSE All-Share
4,296.41
17:08 19/04/24
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Real Estate Investment Trusts
2,211.73
17:09 19/04/24
0.30%
6.51
As a result, LXI REIT upped its quarterly dividend guidance by 4% to 1.35p per share and expects the payout to be fully covered by net rental income for the quarter.
For the quarter ended 30 June, the FTSE 250-listed group declared an interim quarterly dividend of 1.30p per share, in line with previous guidance.
As of 0830 BST, LXI shares were down 0.17% at 111.22p.