Update research from QuotedData

RNS Number : 1572M

Civitas Social Housing PLC

12 September 2019

 

Civitas Social Housing - Update research from QuotedData

12^th September 2019

Targeting full dividend cover

Civitas Social Housing (CSH) has secured a new £60m debt facility that it will use to buy new properties. This will increase its rental income and move CSH very close to full dividend cover. CSH has the option to extend the new loan by another £40m and is also in advanced negotiations to secure a separate £70m loan. QuotedData estimates that, if CSH moves to a fully invested position, which it expects to by the end of March 2020, it should comfortably be able to fully cover its dividend from operations.

Full research:

https://quoteddata.com/research/civitas-social-housing-targeting-full-dividend-cover/

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