Hammerson increases 2013 interim dividend by 7.8%

DividendMax Ltd.

Hammerson increases 2013 interim dividend by 7.8%



Strong financial position with liquidity of around £690 million, gearing and LTV of 57% and 38% respectively


EPS growth of 8.8% in line with previous guidance


Dividend increased by 7.8%, reflecting confidence in sustained income growth

David Atkins, Chief Executive of Hammerson, said: "While household budgets in the UK and France remain under pressure, there are encouraging signs of improvement in macro-economic conditions in the UK. Our winning venues remain in demand from consumers and retailers. This combined with our management actions allows us to maintain high occupancy, secure new tenants on attractive terms and consistently grow rental income. We therefore have confidence in our continued ability to secure strong growth in earnings and dividends over the medium term."

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