We aim to provide shareholders with attractive long-term and sustainable returns, primarily in the form of quarterly 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.


2023 expected dividend calendar

DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 InterimTBCTBC
Q2 InterimTBCTBC
Q3 InterimTBCTBC
Q4 InterimTBCTBC
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 Interim5 May 202220 May 20221.635 1.635
Q2 Interim25 August 20229 September 20221.635 1.635
Q3 Interim3 November 202225 November 20221.6351.635
Q4 Interim9 February 202324 February 20231.6351.635
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 Interim27 May 202111 June 20211.60251.6025
Q2 Interim5 August 202127 August 20211.60251.6025
Q3 Interim28 October 202119 November 20211.60251.6025
Q4 Interim24 February 202211 March 20221.60251.6025
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 Interim21 May 202012 June 20201.57251.5725
Q2 Interim20 August 20204 September 20201.57251.5725
Q3 Interim5 November 202027 November 20200.78630.78621.5725
Q4 Interim11 February 202126 February 20211.57251.5725
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 Interim16 May 20197 June 20191.54251.5425
Q2 Interim8 August 201930 August 20191.54251.5425
Q3 Interim31 October 201922 November 20191.54251.5425
Q4 Interim6 February 202021 February 20201.54251.5425
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q1 Interim3 May 201825 May 20181.501.50
Q2 Interim16 August 20187 September 20181.501.50
Q3 Interim1 November 201823 November 20181.501.50
Q4 Interim7 February 201922 February 20191.501.50
DividendEx-dividend datePayment datePID (p)Non-PID (p)Total
Q2 Interim10 August 201731 August 20171.51.5
Q3 Interim16 November 201730 November 20171.51.5
Q4 Interim8 February 201822 February 20181.51.5



For key dates see financial calendar.