Ground Rents Income Fund (GRIO) share price has continued to come under pressure over the past few weeks, falling to a new all-time low of 78p as investor sentiment continues to be negative towards this asset class. It has subsequently recovered to 87.25p, but based upon the latest NAV of 113.24p as at 31st March 2019 the shares are still trading on a discount of 23%. We note the Board’s recent decision to maintain the current annual dividend payment of 3.96p (payable quarterly), putting the sha ....
30 Sep 2019
Trading on 23% discount and 4.5% yield
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Trading on 23% discount and 4.5% yield
Ground Rents Income Fund PLC (GRIO:LON) | 31.0 0 0.0% | Mkt Cap: 29.7m
- Published:
30 Sep 2019 -
Author:
Paul Glover -
Pages:
3
Ground Rents Income Fund (GRIO) share price has continued to come under pressure over the past few weeks, falling to a new all-time low of 78p as investor sentiment continues to be negative towards this asset class. It has subsequently recovered to 87.25p, but based upon the latest NAV of 113.24p as at 31st March 2019 the shares are still trading on a discount of 23%. We note the Board’s recent decision to maintain the current annual dividend payment of 3.96p (payable quarterly), putting the sha ....