U.K.-based student accommodation investor Empiric Student Property Plc declared a dividend of 1.25 pence per ordinary share for the quarter ended Dec. 31, 2017.

Shareholders on record as of March 9 will receive the dividend on March 23, according to a release.

The company further noted that it is aiming for a 5 pence-per-share dividend for the year ending Dec. 31.