We will be paying a second quarterly dividend of 16.5p per share on 12 January 2009 to shareholders on the Register on 5 December 2008. Taken together with the first quarterly dividend of 16.5p, paid on 24 October 2008, this makes a first half dividend of 33.0p per share (2007: 32.0p), which represents a 3.1% increase.
The first and second quarterly dividends comprise 90% and 100% Property Income Distribution (PID) from the REIT qualifying activities respectively. The PID element is subject to 20% withholding tax for relevant shareholders. The Company offers shareholders the option to participate in a Dividend Reinvestment Plan (DRIP). For further details, please refer to the Shareholder centre within the Investor section of our corporate website http://www.landsecurities.com/.
Table 6: Dividends
| |
Property
income
distribution (PID)
pence
|
Non-property
income
distribution
pence |
Total
pence |
| 14.85 |
1.65 |
16.50 |
| 16.50 |
– |
16.50 |
| 31.35 |
1.65 |
33.00 |
