LONDON - NewRiver REIT plc (LSE:NRR), a UK-based real estate investment trust, has declared a dividend of 3.0 pence per share for the half-year ending September 30, 2024. This dividend, announced today, is to be paid as a Property Income Distribution (PID) to shareholders.
The payment date for the dividend is scheduled for January 28, 2025, with shareholders on the register by the close of business on December 20, 2024, eligible to receive it. The ex-dividend date is set for December 19, 2024.
In addition to the cash dividend option, NewRiver offers a scrip dividend scheme that allows shareholders to receive new ordinary shares in lieu of the cash dividend. This option comes with the benefit of no dealing charges or stamp duty. Shareholders interested in the scrip dividend must elect to participate by January 7, 2025, with the new ordinary shares to be issued at a price to be announced prior to the election date. Certificates for the new shares will be dispatched concurrently with the cash dividend payment.
The scrip dividend scheme was renewed with shareholder approval during the Annual General Meeting on July 26, 2023. Shareholders can sign up for the scheme through the Company's website, with the election applying to all future dividends unless cancelled. Shareholders holding their shares in CREST must make an election for each dividend.
NewRiver has directed shareholders to consult the scrip dividend scheme booklet available on their website for detailed terms and conditions before making their election. For further assistance, shareholders are advised to contact Link Group, the helpline for which operates during standard business hours in the UK, excluding public holidays.
This dividend declaration follows NewRiver's established pattern of providing shareholder value through regular distributions. The information is based on a press release statement.
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