TOC Property Backed Lending Trust PLC (LON:PBLT) declared a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 7th will be given a dividend of GBX 1.50 ($0.02) per share on Friday, December 29th. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from TOC Property Backed Lending Trust’s previous dividend of $1.00. The official announcement can be accessed at this link.

TOC Property Backed Lending Trust (LON:PBLT) traded up GBX 102.46 ($1.38) during midday trading on Wednesday, reaching GBX 103.50 ($1.39). The company’s stock had a trading volume of 227 shares, compared to its average volume of 3,931. TOC Property Backed Lending Trust has a 1-year low of GBX 99.50 ($1.34) and a 1-year high of GBX 108 ($1.45).

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About TOC Property Backed Lending Trust

TOC Property Backed Lending Trust PLC is a United Kingdom-based closed-end investment company. The Company’s investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term while managing downside risk through a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the United Kingdom, and in many cases, receiving the benefit of an associated profit share usually obtained by acquiring (at nil cost) a minority equity stake in the relevant borrower project development vehicle.

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