Picton Property Income hikes quarterly dividend
Picton Property Income Ltd
69.00p
15:39 22/11/24
1.32%
0.90p
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.
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4,506.61
15:45 22/11/24
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6,799.14
15:45 22/11/24
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2,385.91
15:34 22/11/24
1.96%
45.84
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.