LondonMetric to Issue New Shares Under Scrip Dividend Scheme

The latest update is out from LondonMetric Property ( (GB:LMP) ).

LondonMetric Property has confirmed the issuance of 375,711 new ordinary shares under its scrip dividend scheme, in connection with a third quarterly interim dividend of 3.05 pence per share declared in March and payable on 17 April 2026. The new shares are expected to be admitted to the Official List and to trading on the London Stock Exchange on 17 April, ranking pari passu with existing shares.

Following admission of the scrip shares, LondonMetric’s issued share capital will increase to 2,344,782,058 ordinary shares, each carrying one voting right, with no shares held in treasury. The enlarged share count updates the base for shareholders’ disclosures under UK transparency rules and marginally dilutes existing holdings, reflecting continuing shareholder take-up of the scrip alternative to cash dividends.

The most recent analyst rating on (GB:LMP) stock is a Buy with a £255.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.

Spark’s Take on LMP Stock

According to Spark, TipRanks’ AI Analyst, LMP is a Outperform.

LondonMetric Property’s overall stock score is driven by strong financial performance and positive earnings call insights. The company’s strategic acquisitions and successful bond issuance further enhance its growth prospects. While technical indicators are stable, the attractive valuation and high dividend yield add to its appeal. However, attention to rising debt levels and profit consistency is advised.

To see Spark’s full report on LMP stock, click here.

More about LondonMetric Property

LondonMetric Property is a UK-listed real estate investment company focused on income-led property investments. It primarily owns and manages a portfolio of commercial assets and distributes returns to shareholders through regular dividends, offering both cash and scrip alternatives to support capital-efficient growth.

Average Trading Volume: 8,455,217

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.47B

See more insights into LMP stock on TipRanks’ Stock Analysis page.