Dividend Declaration

RNS Number : 3012O

Brunner Investment Trust PLC

09 June 2022

 

9 June 2022

THE BRUNNER INVESTMENT TRUST PLC

Year Ending 30 November 2022

First Interim Dividend

In line with the board's policy to even dividend payments over the year the board declares a first interim dividend of 5.15 p per share and anticipates a similar level for the second and third interim dividend and an unchanged final of 6.05p per share. This interim dividend is payable on 21 July 2022 to holders on the register at the close of business on 17 June 2022.

The board is aware of the current very sharp rise in the cost of living and the concern this is causing many of our shareholders. Thanks to the careful and long term management by the fund managers of our portfolio our current revenue forecasts are strong, comfortably above pre-pandemic levels. However, we should note that it is impossible at this time to judge the impact of the potential rises in interest rates, imposed by central banks to bring inflation back to lower levels, and how this will affect economic growth and company profitability. Our trust's very strong revenue reserves of 24.7p per share, comfortably covering a full year's dividend payment, allows the board to make a 10% increase on each of the first, second and third interim payments compared with last year and forecast a 6.7% increase in full year dividend payments to 21.5p per share despite this uncertainty.

A Dividend Reinvestment Plan (DRIP) is available for this dividend and the relevant Election Date is 1 July 2022.

Enquiries:

Kirsten Salt

Company Secretary

020 3246 7513

 

END

 

 

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