NewRiver REIT (LON:NRR) today announced that it has declared a second quarterly dividend of 5.4 pence per share in respect of the year ending 31 March 2020. This dividend will be paid as a Property Income Distribution.
The dividend payment date will be 15 November 2019 and the dividend will be paid to shareholders on the register at close of business on 18 October 2019. The ex-dividend date will be 17 October 2019.
Shareholders can receive additional new ordinary shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred, under the Company’s scrip dividend scheme. To receive the scrip dividend, shareholders need to make an election ahead of the dividend election date on 1 November 2019.
Details of the price at which the new ordinary shares will be issued will be announced via RNS ahead of the dividend election date. Certificates in respect of the new ordinary shares will be despatched on the dividend payment date.
Scrip Dividend Scheme
At the Annual General Meeting held on 14 July 2017, shareholders approved the introduction of a scrip dividend scheme. Shareholders can receive additional shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred.
To elect to receive additional new ordinary shares of 1 penny each in the capital of the Company instead of a cash dividend, shareholders need to log onto www.signalshares.com and follow the instructions. For certificated shareholders, the election will apply to all future relevant dividends unless cancelled. For shareholders who hold their shares in CREST, an election will be required for each relevant dividend.
Shareholders should read the scrip dividend scheme booklet, which contains the terms and conditions applicable to the scrip dividend scheme, before deciding to make an election. A copy of the scrip dividend scheme booklet can be found on the “Scrip Dividend Scheme” web page within the “Investor Centre” section of the NewRiver REIT website – www.nrr.co.uk.
