Picton Property Income hikes quarterly dividend
Picton Property Income Ltd
68.50p
08:58 08/11/24
0.29%
0.20p
Picton Property Income declared a 5.7% increase in its dividend on Wednesday, with the interim payment for 1 January to 31 March to be 0.925p per share, up from 0.875p per share for the three months ended 31 December.
FTSE All-Share
4,440.00
09:20 08/11/24
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FTSE Small Cap
6,854.51
09:20 08/11/24
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Real Estate Investment & Services
2,342.96
09:15 08/11/24
0.22%
5.06
The London-listed firm said the dividend increase reflected recent portfolio activity, and the subsequent repayment of the company's floating rate debt.
Picton said it intended to maintain a fully-covered dividend at a higher level.
The ex-dividend date was set as 9 May, with a record date of 10 May and a payment date of 31 May.
Picton said the dividend would be designated as a property income distribution (PID).
At 1105 BST, shares in Picton Property Income were up 0.31% at 66.51p.
Reporting by Josh White for Sharecast.com.