TOC Property Backed Lending Trust PLC (PBLT) to Issue Dividend of GBX 1.50 on December 29th

TOC Property Backed Lending Trust PLC (LON:PBLT) announced a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Shareholders 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 yield of 1.45%. The ex-dividend date is Thursday, December 7th. This is a boost from TOC Property Backed Lending Trust’s previous dividend of $1.00. The official announcement can be seen at this link.

Shares of TOC Property Backed Lending Trust (LON PBLT) traded up GBX 102.46 ($1.38) during midday trading on Wednesday, reaching GBX 103.50 ($1.39). 227 shares of the company’s stock traded hands, compared to its average volume of 3,931. TOC Property Backed Lending Trust has a twelve month low of GBX 99.50 ($1.34) and a twelve month high of GBX 108 ($1.45).

TRADEMARK VIOLATION WARNING: “TOC Property Backed Lending Trust PLC (PBLT) to Issue Dividend of GBX 1.50 on December 29th” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/12/06/toc-property-backed-lending-trust-plc-pblt-to-issue-dividend-of-gbx-1-50-on-december-29th.html.

About TOC Property Backed Lending Trust

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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