Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to declare an interim dividend of 1.25 pence per Ordinary Share for the period from 1 October 2018 to 31 December 2018.
1.125 pence of the dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.125 pence will be paid as an Ordinary UK dividend ("non-PID"). The dividend will be paid on 8 March 2019 to Shareholders on the register as at 8 February 2019. The ex-dividend date is 7 February 2019.
With this interim dividend, the Company will have paid 1.25 pence per Ordinary Share for the first quarter from 1 October 2018, as targeted for the financial year beginning on 1 October 2018. ReSI is targeting a dividend yield of 5% per annum based on the issue price of 100 pence per Ordinary Share. ReSI intends to pay dividends to Shareholders on a quarterly basis and in accordance with the REIT regime. Over time, ReSI expects its dividends to increase broadly in line with inflation, and targets a total return in excess of 8% per annum1.
These are targets only and not a profit forecast. There can be no assurance that the targets will be met.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited
Jonathan Slater Alex Pilato
+44 (0) 20 7382 0900
Jefferies International Limited
+44 (0) 20 7029 8000
+44 (0) 20 3737 1000