TOC Property Backed Lending Trust PLC (LON:PBLT) declared a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 1st will be given a dividend of GBX 1.75 ($0.02) per share on Thursday, March 29th. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from TOC Property Backed Lending Trust’s previous dividend of $1.50. The official announcement can be accessed at this link.
TOC Property Backed Lending Trust (PBLT) traded down GBX 4.20 ($0.06) during mid-day trading on Wednesday, reaching GBX 99.30 ($1.37). TOC Property Backed Lending Trust has a 52 week low of GBX 99.30 ($1.37) and a 52 week high of GBX 108 ($1.49).
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TOC Property Backed Lending Trust Company Profile
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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