Ground Rents Income Fund PLC (GRIO) Plans Dividend of GBX 1.02
Ground Rents Income Fund PLC (LON:GRIO) declared a dividend on Tuesday, November 8th. Shareholders of record on Thursday, November 24th will be given a dividend of GBX 1.02 ($0.01) per share on Friday, December 30th. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 24th. This is a boost from Ground Rents Income Fund PLC’s previous dividend of $1.02. The official announcement can be seen at this link.
Ground Rents Income Fund PLC (LON:GRIO) opened at 133.75 on Friday. The firm’s 50 day moving average price is GBX 1.24 and its 200-day moving average price is GBX 1.20. Ground Rents Income Fund PLC has a 1-year low of GBX 109.50 and a 1-year high of GBX 134.97.
Separately, N+1 Singer reiterated a “corporate” rating and set a GBX 153 ($1.91) target price on shares of Ground Rents Income Fund PLC in a research note on Thursday, October 20th.
About Ground Rents Income Fund PLC
Ground Rents Income Fund plc (GRIF) is a closed-ended real estate investment trust (REIT). The Company, together with its subsidiaries, operates a property investment and rental business. The Company invests in a diversified portfolio of ground rents. The investment objective of the Company is to acquire a portfolio of freeholds and head leases, offering the potential for income generation from ground rents, that is both secure and hedged against inflation, and the potential for capital growth from active asset management.
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