UK MORTGAGES LTD

UKML
Delayed Quote. Delayed  - 01/20 11:35:19 am
73.7GBX +1.03%

UK Mortgages Ltd Announces Dividend Policy Update

11/19/2021 | 02:00am
UK Mortgages Ltd. announced that following the successful implementation of the strategic plan approved by shareholders in December 2020, the Company has delivered increasing income returns such that the current 1.125 pence quarterly dividend is being consistently and healthily covered. Income for the month to 30 September 2021 was 0.67 pence per share, which follows prior months? income of approximately 0.54 pence and 0.45 pence per share. Considering this strong performance backdrop, and the positive outlook for asset performance, it is the Board?s intention to declare an increased dividend of 1.25 pence per share in respect of the remaining three quarters of the Company?s financial year ending 30 June 2022. Additionally it is currently intended, conditional on the Board?s assessment of actual and prospective performance, that further progression in the dividend per share will be possible in respect of the Company?s financial year ending 30 June 2023.
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