Dividend and Capital Repayment

RNS Number : 0674E

Investors Capital Trust PLC

04 February 2015

 



To:                   RNS

From:              Investors Capital Trust plc

Date:               4 February 2015

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a fourth quarter dividend of 1.15 pence per share on the A shares of the Company.  This dividend will be paid on 1 May 2015 to A shareholders on the register on 7 April 2015.  A fourth quarter capital repayment of 1.15 pence per share will be paid on the B shares of the Company on 1 May 2015 to B shareholders on the register on 7 April 2015.  Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an A share.  

This represents an increase of 2.5 per cent over the fourth quarter dividend/ capital repayment paid in the prior year. Each of the quarterly dividends for the year ending 31 March 2015 has been increased by a similar amount.

Based on these distributions, the dividend yield on an A share was 4.8 per cent based on the A share price of 94.0 pence as at 3 February 2015, and the distribution yield on a B share was 4.8 per cent based on the B share price of 93.0 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.2 per cent at the same date. For those shareholders that hold units (each comprising three A shares and one B share) the distribution yield on this unit holding was 5.0 per cent based on a unit price of 362.0 pence as at 3 February 2015.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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