16th Feb 2016 09:27
LONDON (Alliance News) - Regional REIT Ltd on Tuesday said it has revised its dividend policy and will move to the payment of quarterly dividends with effect from its current financial year, which is calendar 2016.
The real estate investment trsut will move from the payment of two dividends per year to four following a review of market practice within the property sector and its perceptions of shareholder preferences.
It added the payment of dividends will remain dependent on market conditions, the performance of the company, its financial position, and its outlook.
Shares in the property company were down 1.0% to 101.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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