LXI Reit (LXI) expects to pay a lower first quarter dividend for the 2021 financial year as it seeks to ensure earnings fully cover the dividend against a potential decline in rental income. The 1.3p a share dividend will be paid in September and is down on the 1.4375p payment for the final quarter of its 2020 financial year.
IC TIP:
Hold
at
105p
Rent equivalent to 6.8 per cent of the contracted rent roll was outstanding rent at the March quarter payment date but the commercial landlord has agreed deferral terms with some tenants, leaving 3.2 per cent outstanding.
