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Residential Secure Income ( (GB:RESI) ) has shared an announcement.
Residential Secure Income plc has declared an interim dividend of 1.03 pence per share to be paid as a Property Income Distribution for the financial year ending on 30 September 2024. This decision aligns with the company’s strategy to provide quarterly dividends under the REIT regime. Recently, ReSI announced a new investment objective focusing on the orderly realization of its assets, balancing shareholder returns with the protection of residents’ interests and ensuring regulatory and statutory compliance. This strategic shift could potentially impact the company’s market positioning and stakeholder relations as it transitions its portfolio management approach.
More about Residential Secure Income
Residential Secure Income plc (ReSI) is a real estate investment trust focused on providing secure, inflation-linked returns through investments in independent retirement living and shared ownership in the UK. The company aims to deliver affordable, high-quality homes with long-term tenure stability, catering to the aging demographic and demand for affordable home ownership. ReSI operates within the social housing regulatory environment and is a registered provider of social housing, offering a unique proposition to housing developers and local authorities.
YTD Price Performance: -2.04%
Average Trading Volume: 274,437
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £106.7M
See more data about RESI stock on TipRanks’ Stock Analysis page.
