Supermarket Income REIT plc (LON:SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, has declared an interim dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.53 pence per ordinary share.
The First Quarterly Dividend will be paid on or around 15 November 2024 as a Property Income Distribution (PID) in respect of the Company’s tax-exempt property rental business to shareholders on the register as of 11 October 2024. The ex-dividend date will be 10 October 2024.
As Supermarket Income REIT’s ordinary shares are currently trading at a discount to the published EPRA Net Tangible Assets per share, the board of directors of the Company believes that it is not in the best interests of shareholders to offer the scrip dividend alternative, under which shareholders would have been able to elect to receive new ordinary shares in lieu of the cash dividend. The Board has therefore exercised its discretion to suspend the Scrip Dividend Alternative in respect of the First Quarterly Dividend.
All shareholders who are entitled to receive the First Quarterly Dividend will therefore receive it in cash.
The Board will keep under consideration the offer of a scrip dividend alternative in respect of future quarterly dividends.
