LXI REIT raises quarterly dividend guidance

By Iain Gilbert

Date: Thursday 17 Sep 2020

(Sharecast News) - Real estate investment trust LXI upped its quarterly dividend guidance on Thursday after experiencing some "robust rent collection" in the three months ending 30 September.
As a result, LXI REIT upped its quarterly dividend guidance by 4% to 1.35p per share and expects the payout to be fully covered by net rental income for the quarter.

For the quarter ended 30 June, the FTSE 250-listed group declared an interim quarterly dividend of 1.30p per share, in line with previous guidance.

As of 0830 BST, LXI shares were down 0.17% at 111.22p.

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