UK Commercial Property maintains dividend

UK Commercial Property Trust. the largest UK focused commercial property trust, has kept its fourth quarter dividend in line with last year.

The total will be 1.3125p per share, the same as the third quarter dividend. The stock will be ex-dividend on 9 February with payment on 28 February.

As of the end of June the annual dividend yield for the firm was 6.4%. Four quarterly payments of 1.3125p implies a dividend yield of 7.07% based on the current (at the time of writing) price of 74.3p.

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The company has yet to declare its full year results for 2011. In the first half of 2011, earnings per share were 2.74p, down from 5.14p at the interim stage the year before.

The stock has dropped 0.5% in very early morning trading. Over the last 12 months UK Commercial Property is down 5.7%.

BS