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LONDON – NewRiver REIT plc (LSE:NRR), a UK-based actual property funding belief, has declared a dividend of three.0 pence per share for the half-year ending September 30, 2024. This dividend, introduced at present, is to be paid as a Property Earnings Distribution (PID) to shareholders.
The cost date for the dividend is scheduled for January 28, 2025, with shareholders on the register by the shut of enterprise on December 20, 2024, eligible to obtain it. The ex-dividend date is about for December 19, 2024.
Along with the money dividend choice, NewRiver provides a scrip dividend scheme that permits shareholders to obtain new strange shares in lieu of the money dividend. This selection comes with the advantage of no dealing expenses or stamp obligation. Shareholders within the scrip dividend should elect to take part by January 7, 2025, with the brand new strange shares to be issued at a value to be introduced previous to the election date. Certificates for the brand new shares will likely be dispatched concurrently with the money dividend cost.
The scrip dividend scheme was renewed with shareholder approval through the Annual Common Assembly on July 26, 2023. Shareholders can join the scheme by way of the Firm’s web site, with the election making use of to all future dividends except cancelled. Shareholders holding their shares in CREST should make an election for every dividend.
NewRiver has directed shareholders to seek the advice of the scrip dividend scheme booklet accessible on their web site for detailed phrases and circumstances earlier than making their election. For additional help, shareholders are suggested to contact Hyperlink Group, the helpline for which operates throughout customary enterprise hours within the UK, excluding public holidays.
This dividend declaration follows NewRiver’s established sample of offering shareholder worth by way of common distributions. The knowledge relies on a press launch assertion.
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