Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces its Q4 2019 dividend, making a 2.5% increase for the 2019 full year dividend distributions to shareholders.
The Company will pay a dividend of 2.55 pence per share ("pps") for the period 1 October 2019 to 31 December 2019. The dividend payment will be made on 9 April 2020 to shareholders on the register as at 6 March 2020. The ex-dividend date will be 5 March 2020. The entire dividend will be paid as a REIT property income distribution ("PID").
This fourth quarter dividend marks the Company's successful achievement of its annual distribution target, having paid a dividend of 1.90pps for each of the first three quarters of 2019.
In respect of the financial year 2019, Regional REIT has declared dividends amounting to 8.25pps. This increase of 2.5% from the 2018 full year dividend of 8.05pps has been made in accordance with the Company's intention to pursue a progressive dividend policy.
