Yew Grove REIT plc (LON:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, announced today that the Board of Directors has approved the payment of an interim ordinary dividend in respect of the third quarter of 2021 (being the period from 1 July to 30 September) of 1.20 cents per ordinary share. This will be a Property Income Distribution.
This dividend will be paid on 16 December 2021 to shareholders on the register on 26 November 2021 with a corresponding ex-dividend date of 25 November 2021.
The Board recognises the importance of quarterly dividends for shareholders. This interim ordinary dividend is consistent with the Company’s target of paying a consistent and sustainable quarterly dividend.
Yew Grove REIT plc, quoted on the London Stock Exchange’s AIM market and on the regulated market of Euronext Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin’s Central Business District.
Yew Grove’s highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.
