We have made an active start to the year. Along with our joint venture partner, we completed on the sale of 5 Broadgate for £1 billion, in line with book value and commenced a £200 million extension to our share buyback programme, reflecting our continued commitment to effective capital management and our focus on shareholder returns. Our financial position remains strong, we have further reduced LTV to 26% while continuing to progress the attractive opportunities we have created across our development pipeline, focused on enhancing our central London campuses.
For us HYPers, the important bit;
The first interim dividend payment for the quarter ended 30 June 2018 will be 7.75 pence per share, an increase of 3.0% on the first interim dividend last year. Payment will be made on 9 November 2018 to shareholders on the register at close of business on 5 October 2018. The dividend will be a Property Income Distribution and no SCRIP alternative will be offered.
https://www.investegate.co.uk/british-l ... 00078078U/