Dividend Information

With effect from 1 August 2019 Palace Capital converted to a Real Estate Investment Trust (REIT). As a REIT the Company must follow certain rules relating to the distributions it makes to shareholders, and how those distributions are taxed. 90% of the tax-exempt profit from Palace Capital’s property rental business has to be distributed to shareholders. This is known as a Property Income Distribution, or ‘PID’. Palace Capital can also distribute taxed income from its other activities, known as a Non-Property Income Distribution, or ‘non-PID’.

Dividends are paid on a quarterly basis in April, July, October and December. Dividends may be paid as Property Income Distribution (‘PID’), Non-Property Income Distribution (‘non-PID’) or a mixture of the two.

The Company expects to pay its first PID Dividend in December in relation to the quarter ending 30 September 2019. All dividends paid in respect of periods ending before 1 August 2019 will be ordinary dividends not subject to the REIT regime.

YearDividendProperty Income DistributionOrdinary DistributionTotalEx-Div DatePayment Date
2020Interim2.50p2.25p4.75p19/03/202009/04/2020 (cancelled)
Financial YearDividendsEx-div datePayment dateAmount
2019Interim dividend26/09/201918/10/20194.75p per share
2019Final dividend13/06/201912/07/20194.75p per share
2019Interim dividend21/03/201912/04/20194.75p per share
2019Interim dividend06/12/201828/12/20184.75p per share
2019Interim dividend04/10/201819/10/20184.75p per share
Financial YearDividendsEx-div datePayment dateAmount
2018Final dividend05/07/201831/07/20184.75p per share
2018Interim dividend22/03/201813/04/20184.75p per share
2018Interim dividend07/12/201729/12/20179.5p per share
2017Final dividend06/07/201728/07/20179.5p per share
2017Interim dividend08/12/201630/12/20169.0p per share
2016Final dividend07/07/201629/07/20169.0p per share
2016Interim dividend10/12/201530/12/20157.0p per share
2015Final dividend09/07/201531/07/20157.0p per share
2015Interim dividend04/12/201430/12/20146.0p per share
2014Final dividend09/07/201431/07/20142.5p per share
2014Interim dividend02/04/201407/05/20142.0p per share

There are implications for the taxation of dividends and if you qualify to receive your dividend gross of withholding tax, you should complete one of the forms below depending on whether or not you are the beneficial owner of your shareholding or an intermediary.

The completed form should be sent to the Company’s Registrar:

Link Asset Services
The Registry
34 Beckenham Road

Beneficial Owner declaration form

Intermediary declaration form

More information on REITs, dividends and tax

Supporting Local Communities

Here at Palace Capital, we’re passionate about supporting local communties in areas where we have investment interests.  Not only do our property investments generate employment opportunities but we also like to provide further support to charities such as Variety, The Children’s Charity.

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Palace Capital In The News

At our core, Palace Capital are regional experts.  As a result, we’re often asked to comment on all aspects of the industry by the leading property and investment publications.

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