The Board of Directors of Tritax Big Box REIT plc has today declared an interim dividend in respect of the period from 1 January 2021 to 31 March 2021 of 1.6 pence per ordinary share, payable on or around 1 June 2021 to shareholders on the register on 14 May 2021. The ex-dividend date will be 13 May 2021.
As outlined in the Company's FY 2020 results statement, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend of 6.4 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings.
This dividend will be a Property Income Distribution