TOC Property Backed Lending Trust PLC (PBLT) Raises Dividend to GBX 1.50 Per Share
TOC Property Backed Lending Trust PLC (LON:PBLT) announced a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 7th will be paid a dividend of GBX 1.50 ($0.02) per share on Friday, December 29th. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from TOC Property Backed Lending Trust’s previous dividend of $1.00. The official announcement can be viewed at this link.
Shares of TOC Property Backed Lending Trust (LON PBLT) traded up GBX 0.07 ($0.00) on Wednesday, hitting GBX 1.04 ($0.01). 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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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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