8th July 2015
The Board of Empiric Student Property plc (ticker: ESP) has declared a final interim dividend of 1.0 pence per Ordinary Share in respect of the quarter ended 30 June 2015, payable on or around 4 August 2015 to Ordinary Shareholders on the register on 17 July 2015. The ex-dividend date will be 16 July 2015. As a result, the Company will have paid total dividends of 4.0 pence per Ordinary Share in its first financial year.
0.32 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.68 pence will be paid as an ordinary UK dividend ("non-PID").
The Company confirms an annual dividend target of at least 6 pence per Ordinary Share for the financial year commencing 1 July 2015. Thereafter, dividends are expected to grow by not less than the RPI inflation index (1).
(1) The target dividends stated above are targets only and not profit forecasts. There can be no assurance that these targets will be met and they should not be taken as an indication of the Company's expected or actual future results. Potential investors should not place any reliance on these targets.
Questions? Get in touch using the contact details below.
Questions? Get in touch.
Empiric Head Office
Empiric Student Property plc
1st Floor, 72 Borough High Street London, SE1 1XF
+44 (0)20 3828 8700
+44 (0)20 7379 5151
Stuart Klein/Tom Yeadon
Jefferies International Limited
020 7029 8000
Charlie Foster / Marcus Jackson
RBC Europe Limited (trading as RBC Capital Markets)
020 7653 4000