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LondonMetric raises quarterly dividend

LondonMetric Property PLC declared a higher interim dividend of 2.35 pence per share for the fourth quarter of its 2017-2018 fiscal year, up from the 1.85 pence per share paid for each of the prior three quarters.

Of the fourth-quarter dividend, 1.7 pence per share will be payable as a property income distribution.

The dividend will be distributed July 11 to shareholders on record as of June 8.

The U.K. real estate investment trust said in a release that shareholders will be offered a scrip dividend alternative as they were for the first three quarterly dividends for the year ended March 31.