Hammerson Announces Final 2024 Dividend and Currency Conversion Details

Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.

Hammerson plc announced a final cash dividend of 8.07p per ordinary share for the period ended 31 December 2024, subject to shareholder approval at the 2025 Annual General Meeting. The dividend will be paid as a non-Property Income Distribution and treated as a regular UK company dividend, with a Dividend Reinvestment Plan available for shareholders preferring shares over cash. The dividend is payable on 3 June 2025, with specific details for UK and South African shareholders regarding currency conversion and tax implications. This announcement reflects Hammerson’s commitment to providing returns to its shareholders while navigating tax regulations across its operational regions.

Spark’s Take on GB:HMSO Stock

According to Spark, TipRanks’ AI Analyst, GB:HMSO is a Neutral.

Hammerson plc’s stock score reflects substantial financial challenges, particularly in profitability and cash flow. The bearish technical indicators add caution. However, strategic initiatives in leasing and capital management, along with a robust share buyback program, offer potential for long-term recovery. Valuation concerns limit the score, but the high dividend yield provides some attractiveness to certain investors.

To see Spark’s full report on GB:HMSO stock, click here.

More about Hammerson plc R.E.I.T.

Hammerson plc is a real estate investment trust (REIT) that focuses on the ownership, management, and development of retail properties. The company operates primarily in the UK and South Africa, providing shopping centers and retail parks to a diverse range of consumers and businesses.

YTD Price Performance: -16.24%

Average Trading Volume: 1,099,503

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.14B

Learn more about HMSO stock on TipRanks’ Stock Analysis page.