Dividend and Capital Repayment

RNS Number : 9679G

Investors Capital Trust PLC

25 November 2015

 



To:                   RNS

From:              Investors Capital Trust plc

Date:               25 November 2015

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a third quarter dividend of 1.14 pence per share on the A shares of the Company.  This dividend will be paid on 5 February 2016 to A shareholders on the register on 8 January 2016.  A third quarter capital repayment of 1.14 pence per share will be paid on the B shares of the Company on 5 February 2016 to B shareholders on the register on 8 January 2016.  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 2.7 per cent over the third quarter dividend / capital repayment paid in the prior year. As previously announced, in the absence of unforeseen circumstances, the Company intends to increase each of the quarterly dividends for the year ended 31 March 2016 by a similar amount.

Based on these intended distributions, the dividend yield on an A share was 5.0 per cent based on the A share price of 92 pence as at 24 November 2015, and the distribution yield on a B share was 5.0 per cent based on the B share price of 92.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.7 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 5.1 per cent based on a unit price of 362 pence as at 24 November 2015.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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