Dividend and Capital Repayment

RNS Number : 3944C

Investors Capital Trust PLC

27 June 2016

 

To:                   RNS

From:              Investors Capital Trust plc

Date:               27 June 2016

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a first quarter dividend of 1.17 pence per share on the A shares of the Company.  This dividend will be paid on 5 August 2016 to A shareholders on the register on 8 July 2016.  A first quarter capital repayment of 1.17 pence per share will be paid on the B shares of the Company on 5 August 2016 to B shareholders on the register on 8 July 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 2.6 per cent over the first quarter dividend / capital repayment paid in the prior year. In the absence of unforeseen circumstances, the Company intends to increase each of the remaining three quarterly dividends for the year ending 31 March 2017 by a similar amount.

Based on these intended distributions, the dividend yield on an A share was 5.4 per cent based on the A share price of 87.5 pence as at 24 June 2016, and the distribution yield on a B share was 5.3 per cent based on the B share price of 88.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.8 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 5.6 per cent based on a unit price of 336.5 pence as at 24 June 2016.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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