Dividend Declaration

RNS Number : 7671Z

City Natural Res High Yield Tst PLC

20 January 2011

 



To:                   RNS

From:              City Natural Resources High Yield Trust plc

Date:               20 January 2011

Second Interim Dividend

City Natural Resources High Yield Trust plc announces a second interim dividend of 0.69 pence per share (2010: 0.62 pence per share) payable on 25 February 2011 to shareholders on the register on 28 January 2011, having an ex-dividend date of 26 January 2011.

The 0.69 pence represents an 11.3% increase on the dividend paid in respect of the same period last year.

This latest dividend payment is in line with the Company's progressive dividend policy which has paid an increased dividend each year since inception as shown below:

Financial Year             Total dividend              % increase

2004/05                       2.00p                           -

2005/06                       2.15p                           7.5%

2006/07                       2.35p                           9.3%

2007/08                       2.65p                           12.8%

2008/09                       3.07p                           15.8%

2009/10                       3.71p                           20.8%

For further information please contact:

Will Smith                                                                   

New City Investment Managers

0207 201 5387

Martin A Cassels

F&C Asset Management plc

0207 628 8000

 

END

 

 

DIVBLMFTMBJBBLB