Schroder Real Estate Announces Dividend Of GBP0.0062
News: On April 1, UK-based Schroder Real Estate Investment Trust announced a dividend of GBP0.0062 (US$0.01) per share, representing a yield of 1.2%. The dividend will be distributed to shareholders of record until April 9. Schroder Real Estate Investment Trust is a closed-ended property investment company domiciled on the Channel Islands and listed on the London Stock Exchanges. The company's share dropped 0.49% to GBP0.5125 (US$0.8514) on April 1.
BMI View : The UK's real estate sector has performed well since the property crash and recession took hold, despite experiencing two years of negative economic growth, in 2008 and 2009. Growth has been sluggish in the years since, but a healthy project pipeline and low vacancy rates, particularly in the office and retail segments, has bolstered investment and returns.