1 May
2024
PICTON PROPERTY INCOME
LIMITED
('Picton', the 'Company' or
the 'Group')
LEI:
213800RYE59K9CKR4497
Dividend
Declaration
Picton Announces 5.7%
Increase in Dividend
Picton today announces a 5.7%
increase in its dividend, effective May 2024. The interim
dividend payment in respect of the financial period from 1 January
2024 to 31 March 2024, will be 0.925 pence per share (1 October
2023 to 31 December 2023: 0.875 pence per share).
Picton intends to maintain a fully
covered dividend at this increased level, which follows recent
portfolio activity and the subsequent repayment of the Company's
floating rate debt.
The dividend timetable is set out
below:
|
Ex-Dividend Date
|
9 May 2024
|
|
Record Date
|
10 May 2024
|
|
Pay Date
|
31 May 2024
|
The dividend of 0.925 pence per
share will be designated as a property income distribution
('PID').
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF THE UK MARKET ABUSE
REGULATION
For
further information:
Picton
Kathy Thompson, Company
Secretary
020 7011 9988,
kathy.thompson@picton.co.uk
About Picton
Established in 2005, Picton is
listed on the main market of the London Stock Exchange and is a
constituent of a number of EPRA indices including the FTSE EPRA
Nareit Global Index.
Picton owns and actively manages a
£745 million UK commercial property portfolio, invested across 49
assets and with around 400 occupiers (as at 31 December
2023).
Through an occupier focused,
opportunity led approach, Picton aims to be one of the consistently
best performing diversified UK REITs and has delivered upper
quartile outperformance and a consistently higher income return
than the MSCI Quarterly Property Index since
launch.
With a portfolio strategically
positioned to capture income and capital growth, currently weighted
towards the industrial sector, Picton's agile business model
provides flexibility to adapt to evolving market trends over the
long-term.
Picton has a responsible approach to
business and is committed to being net zero carbon by
2040.
For more information please
visit: www.picton.co.uk
ENDS