A trust that invests in commercial property. It seeks to pay monthly income. This trust may use gearing.
Not sure what it means when it says it seeks to pay monthly income.
Could someone explain me please?
I am thinking of using this to cover the costs here.
Sorry for such noob question.
A monthly dividend of 0.3333 pence per share* equates to an annualised dividend level of 4.00 pence per share.
*5.7% per annum yield, paid monthly
Down by 30% from last year which is understable due to fallen rental collections.
They pay out a monthly dividend
January was 4.44p (6.58%)
February is 4.29 (6.41%) February 11 is next dividend date make sure to buy your shares before then.
Payout February 26