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BB Healthcare Trust planning higher dividends next year

Next year, the company is targeting a total pay-out of 4p per share – with a 2p per share interim payment earmarked for July.

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BBH plans to pay a 1.75p final dividend

BB Healthcare Trust PLC (LON:BBH) has detailed its dividend policy, with the company anticipating a higher pay-out for 2018.

It paid out 1.75p per share as an interim dividend earlier this year, and a further 1.75p final dividend is due for the year ended 30 November.

Next year, the company is targeting a total pay-out of 4p per share – with a 2p per share interim payment earmarked for July.

The company, meanwhile, noted that it pays dividends from its available income as well as other reserves, and presently it expects that most of the target dividend will be financed from the reserves.

“This announcement of a target dividend for the financial year ending 30 November 2018 should not be taken to imply a profit forecast by the company,” it added.

Quick facts: BB Healthcare Trust PLC

Price: 136 GBX

LSE:BBH
Market: LSE
Market Cap: £590.18 m
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