Dividend and Capital Repayment

RNS Number : 4179Z

Investors Capital Trust PLC

17 September 2015

 



To:                   RNS

From:              Investors Capital Trust plc

Date:               17 September 2015

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a second quarter dividend of 1.14 pence per share on the A shares of the Company.  This dividend will be paid on 6 November 2015 to A shareholders on the register on 2 October 2015.  A second quarter capital repayment of 1.14 pence per share will be paid on the B shares of the Company on 6 November 2015 to B shareholders on the register on 2 October 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 2.7 per cent over the second 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 remaining quarterly dividends for the year ending 31 March 2016 by a similar amount.

Based on these intended distributions, the dividend yield on an A share was 5.1 per cent based on the A share price of 91 pence as at 16 September 2015, and the distribution yield on a B share was 5.0 per cent based on the B share price of 91.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.6 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 366 pence as at 16 September 2015.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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