Dividend Declaration

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has today declared a first interim dividend in respect of the year
1 May 2013 to 30 April 2014.

A first interim dividend of 1.475p per Ordinary share will be paid on 4 October
2013 to the holders of Ordinary shares on the register at 6 September 2013,
with an ex-dividend date of 4 September 2013.

It is the Board's intention, over time, to move the dividend profile gradually
to a position where the four interim dividends paid are equal.  This will be
achieved by maintaining the fourth interim dividend at the same level and
increasing the first, second and third dividends in future years to reflect
earnings.



27 August 2013