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Tritax Big Box trims dividend

richfool
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Tritax Big Box trims dividend

#298921

Postby richfool » April 8th, 2020, 11:22 am

All but three of Tritax's properties remain open and operating. The company expects to have collected 96% of the rent that was due by 1 April by the end of May, with discussions around the final 4% ongoing. .......................................................

....................................However, given the uncertainty around the eventual impact of coronavirus the board has taken the decision to withdraw its previous guidance for a 7p dividend in 2020. Instead it has confirmed a first quarter dividend of 1.5625p per share, which would equate to a full year payment of 6.25p if repeated in each quarter for the year.

https://www.hl.co.uk/shares/share-resea ... continuing

Wizard
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Re: Tritax Big Box trims dividend

#299198

Postby Wizard » April 9th, 2020, 9:40 am

richfool wrote:
All but three of Tritax's properties remain open and operating. The company expects to have collected 96% of the rent that was due by 1 April by the end of May, with discussions around the final 4% ongoing. .......................................................

....................................However, given the uncertainty around the eventual impact of coronavirus the board has taken the decision to withdraw its previous guidance for a 7p dividend in 2020. Instead it has confirmed a first quarter dividend of 1.5625p per share, which would equate to a full year payment of 6.25p if repeated in each quarter for the year.

https://www.hl.co.uk/shares/share-resea ... continuing

Well I guess in this climate a cut, rather than cancellation, is a relative positive.


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