Dividends

These dividends are underpinned by our secure and stable income, which comes from our tenants within a group that is financially sound and committed to providing high standards of care. We benefit from long leases with inflation-linked annual rent reviews.

The Company introduced a progressive dividend policy under which it seeks to grow its target dividend in line with the inflation-linked rental uplifts received by the Group under the terms of the rent review provisions contained in the Group’s leases in the prior financial year¹.

Target Dividend 2023

For the year ending 31 December 2023, the target dividend is 6.77 pence per Share¹ (the “Target Dividend”). As the Target Dividend follows rents received, any increase will follow after any rent increase.

1 This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company’s expected or actual results.

For key dates see financial calendar.