Regional REIT’s Board has announced that it intends to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company’s results ending 31 December 2015.
Following its recent Initial Public Offering the Board has reconsidered the frequency of dividend payments in the light of market practice in the sector and Board’s perception of shareholders’ preferences, and following discussions with its advisors.
The payment of dividends will remain subject to market conditions, the Company’s performance, its financial position and the business outlook.
RGL : Regional REIT to pay quarterly dividends