Dividend Declaration

RNS Number : 2900T

Dunedin Income Growth Inv Tst PLC

02 July 2018

 

Dunedin Income Growth Investment Trust PLC

Legal Entity Identifier (LEI):  549300PPXLZPR5JTL763

First Interim Dividend

The Board has today declared a first interim dividend in respect of the year ending 31 January 2019, of 3.0p per share (2017: 2.575p), which will be payable on 24 August 2018 to shareholders on the register on 3 August 2018, with an ex-dividend date of 2 August 2018.

The rate of interim dividend was last increased in August 2013. The Board is mindful that the increases in the overall annual rate of dividend since 2013 have caused the final dividend to become a growing percentage of the total annual payment. The Board has therefore decided to increase the rate of each interim dividend to 3.0p per share so as to create a more even balance between the rates of  the interim and final dividends. The 16.5% increase in the rate of interim dividends therefore represents a rebalancing of dividend payments.

As a result of this rebalancing, the final dividend is expected to be lower than last year but it remains the Board's intention to continue a policy of growing total annual dividends in real terms. 

For further information, please contact:

Aberdeen Asset Management PLC

Secretaries

0131 528 4000

 

END

 

 

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