LXI REIT plc (LXI) to Issue Dividend of GBX 1 on December 29th
LXI REIT plc (LON:LXI) announced a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 1 ($0.01) per share on Friday, December 29th. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, November 30th. The official announcement can be seen at this link.
Shares of LXI REIT (LON LXI) traded up GBX 102.95 ($1.38) during trading on Wednesday, hitting GBX 104 ($1.39). 158,912 shares of the stock traded hands, compared to its average volume of 230,946. LXI REIT has a 1-year low of GBX 99.50 ($1.33) and a 1-year high of GBX 112.25 ($1.50).
Separately, Peel Hunt reiterated an “outperform (invtst)” rating on shares of LXI REIT in a research report on Tuesday, September 19th.
In other news, insider John Cartwright purchased 3,726 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 105 ($1.41) per share, with a total value of £3,912.30 ($5,239.45). Also, insider Colin Smith purchased 45,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average cost of GBX 102 ($1.37) per share, with a total value of £45,900 ($61,470.47).
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About LXI REIT
LXI REIT PLC is a United Kingdom-based company, which focuses on becoming a real estate investment trust (REIT). The Company intends to invest in the United Kingdom commercial property assets. The investment objective of the Company is to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of the United Kingdom property that benefits from long-term index-linked leases with institutional-grade tenants.
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