Derwent London increases its 2014 full year dividend by 8.6%

DividendMax Ltd.

Derwent London increases its 2014 full year dividend by 8.6%

Financial highlights

·      EPRA net asset value per share increased by 28.4% to 2,908p from 2,264p at 31 December 2013, and by 13.1% from 2,572p at 30 June 2014

·      Total return (including dividend) of 30.1% in 2014 compares to 21.9% in 2013

·      Net rental income increased by 5.8% to £128.7m from £121.7m in 2013

·      EPRA profit before tax was £62.3m, an increase of 7.8% from £57.8m in December 2013

·      EPRA earnings per share were 57.08p, an increase of 6.0% from 53.87p in December 2013

·      Final dividend per share of 28.00p making 39.65p for the full year, an increase of 8.6%

 

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