LXI to pay dividend even as a third of tenants fail to pay quarterly rent

LXi REIT

Industrial property group LXI Reit intends to pay investors a quarterly dividend despite collecting just two-thirds of its latest quarterly rent payments from tenants as the impact of Covid-19 bites.

The group said it expected to approve the payment of the its final quarterly dividend in respect of the year to 31 March, at the rate of 1.4375 pence per share. 

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