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NewRiver's dividend policy is to pay dividends equivalent to 80% of UFFO, with any top up as required under the REIT regime rules to be confirmed at the full year results.
Dividends are declared twice annually at the Company’s half and full year results, with reference to the most recently completed six-month period.
The next dividend will be paid on 16 January 2024.
Shareholders can receive additional new ordinary shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred, under the Company's scrip dividend scheme. To receive the scrip dividend, shareholders need to make an election ahead of the dividend election date on 22 December 2023.
Interim dividend for the period ended 30 September 2023 dates:
7 December 2023: Ex-Div Date
8 December 2023: Record Date
22 December 2023: Scrip dividend election deadline
16 January 2024: Dividend payment date.
| DIVIDEND | PAYMENT DATE | RECORD DATE | EX-DIVIDEND DATE | AMOUNT PAID PER SHARE (PENCE) |
| FY23 Final | 4 Aug 2023 | 16 Jun 2023 | 15 Jun 2023 | 3.20 |
| FY23 Interim | 17 Jan 2023 | 9 Dec 2022 | 8 Dec 2022 | 3.50 |
| FY22 Final | 2 Sep 2022 | 29 July 2022 | 28 July 2022 | 3.30 |
| FY22 Interim | 14 Jan 2022 | 10 Dec 2021 | 9 Dec 2021 | 4.10 |
| FY21 Final | 3 Sep 2021 | 30 Jul 2021 | 29 Jul 2021 | 3.00 |
| FY20 Q3 | 7 Feb 2020 | 27 Dec 2019 | 24 Dec 2019 | 5.40 |
| FY20 Q2 | 15 Nov 2019 | 18 Oct 2019 | 17 Oct 2019 | 5.40 |
| FY20 Q1 | 26 Jul 2019 | 21 Jun 2019 | 20 Jun 2019 | 5.40 |
| FY19 Q4 | 24 May 2019 | 23 Apr 2019 | 18 Apr 2019 | 5.40 |
| FY19 Q3 | 8 Feb 2019 | 28 Dec 2018 | 27 Dec 2018 | 5.40 |
| FY19 Q2 | 16 Nov 2018 | 19 Oct 2018 | 18 Oct 2018 | 5.40 |
| FY19 Q1 | 27 Jul 2018 | 22 Jun 2018 | 21 Jun 2018 | 5.40 |
| FY18 Q4 | 25 May 2018 | 27 Apr 2018 | 26 Apr 2018 | 5.25 |
| FY18 Q3 | 9 Feb 2018 | 29 Dec 2017 | 28 Dec 2017 | 5.25 |
| FY18 Q2 | 17 Nov 2017 | 20 Oct 2017 | 19 Oct 2017 | 5.25 |
| FY18 Q1 | 4 Aug 2017 | 16 Jun 2017 | 15 Jun 2017 | 5.25 |
| FY17 Special | 4 Aug 2017 | 16 Jun 2017 | 15 Jun 2017 | 3.00 |
| FY17 Q4 | 11 May 2017 | 21 Apr 2017 | 20 Apr 2017 | 5.00 |
| FY17 Q3 | 27 Jan 2017 | 30 Dec 2016 | 29 Dec 2016 | 5.00 |
| FY17 Q2 | 28 Oct 2016 | 7 Oct 2016 | 6 Oct 2016 | 5.00 |
| FY17 Q1 | 17 Aug 2016 | 22 Jul 2016 | 21 Jul 2016 | 5.00 |
| FY16 Q4 | 13 May 2016 | 29 Apr 2016 | 28 Apr 2016 | 4.75 |
| FY16 Q3 | 10 Feb 2016 | 29 Dec 2015 | 24 Dec 2015 | 4.75 |
| FY16 Q2 | 13 Nov 2015 | 23 Oct 2015 | 22 Oct 2015 | 4.50 |
| FY16 Q1 | 31 Jul 2015 | 03 Jul 2015 | 02 Jul 2015 | 4.50 |
| FY15 Q4 | 18 May 2015 | 17 Apr 2015 | 16 Apr 2015 | 4.25 |
| FY15 Q3 | 30 Jan 2015 | 05 Jan2015 | 02 Jan 2015 | 4.25 |
| FY15 Q2 | 20 Jan 2015 | 30 Dec 2014 | 29 Dec 2014 | 4.25 |
FY15 Q1 |
31 Oct 2014 | 26 Sep 2014 | 24 Sep 2014 | 4.25 |
| FY14 Special | 28 Mar 2014 | 18 Feb 2014 | 19 Feb 2014 | 10.00 |
| FY14 Interim | 31 Jan 2014 | 10 Jan 2014 | 08 Jan 2014 | 6.00 |
| FY13 Final | 25 July 2013 | 28 June 2013 | 26 June 2013 | 10.00 |
| FY13 Interim | 30 Jan 2013 | 04 Jan 2013 | 02 Jan 2013 | 6.00 |
| FY12 Final | 13 July 2012 | 22 June 2012 | 20 June 2012 | 9.00 |
| FY12 Interim | 20 Dec 2011 | 09 Dec 2011 | 07 Dec 2011 | 6.00 |
| FY11 Final | 20 Jul 2011 | 10 Jun 2011 | 8 Jun 2011 | 4.50 |
| FY11 Interim | 21 Jan 2011 | 17 Dec 2011 | 15 Dec 2011 | 1.00 |
Scrip Dividend Scheme
The scrip dividend scheme provides Shareholders of NewRiver Ordinary shares with the opportunity, at the shareholders election and where offered by the Company, to elect to receive dividends as New Ordinary shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred.
The New Ordinary Shares will carry the same voting rights as, and otherwise rank equally in all respects with, existing ordinary shares.
Details for each relevant scrip dividend (including the timetable, the Scrip Calculation Price and confirmation of whether PID or Non-PID treatment will apply) are announced to Shareholders via a Regulatory Information Service Provider.
Download scrip dividend booklet
Contact
Please contact our Company Secretary for more information:
Kerin Williams: [email protected]
NewRiver’s Dividend Policy is as follows:
Dividend Policy Background
Prior to COVID-19, NewRiver’s policy was to pay dividends on a quarterly basis in equal instalments, and the quarterly dividend for the forthcoming year was set at the full year results.
This policy was successful for a number of years, but ultimately did not allow management the flexibility to make the capital and operational decisions required in order to achieve the Company’s strategic priorities.
When the Pandemic hit, the Board took the prudent and early mover decision to suspend the dividend (on 19 March 2020) to protect cash and liquidity.
As we began to ease out of the pandemic last year in 2021, and following our resilient operating performance during the pandemic, successful disposal programme and net debt reduction, the Board were pleased to re-instate the dividend in 2021, as announced in the Company’s FY21 Results in June 2021 (in respect of the year ended 31 March 2021).
The Board also took the opportunity to revise the Company’s Dividend policy as outlined above.