Dividend Declaration

RNS Number : 6064N

Law Debenture Corp PLC

30 September 2021

 

The Law Debenture Corporation p.l.c.

Second Interim Dividend Announcement - Board increases dividend by 5.8%

· Declaring a second interim dividend of 6.875 pence per ordinary share payable in October 2021, representing an increase of 5.8% over the prior year's second interim dividend. 

· It remains the Board's intention for each of the first three interim dividends for 2021 to be equivalent to a quarter of Law Debenture's total 2020 dividend of 27.5 pence per ordinary share.

· The Board's current intention is for the total 2021 dividend to be an increase on the total 2020 dividend of 27.5 pence per ordinary share.

The pandemic has had a residual effect on dividends across the market that will likely affect dividend payments for the next several years. Despite this, Law Debenture will enter its 43^rd year of maintaining or increasing its dividend payments. The combination of Law Debenture's Independent Professional Services businesses, which offers a reliable stream of revenue, and strong reserves continues to give the Board confidence. 

In line with our investment objective of achieving long-term capital growth and steadily increasing income for shareholders, we have declared a second interim dividend of 6.875 pence per ordinary share.  

This dividend will be paid on 28 October 2021 to shareholders on the register at close of business on 8 October 2021. The Corporation's shares will go ex-dividend on 7 October 2021. 

Law Debenture Corporate Services Limited

Corporate Secretary

30 September 2021

Contact:  

Tulchan Communications   

Simon Pilkington, Deborah Roney

[e-mail]

[phone]

 

END

 

 

DIVWPUWGBUPGGCU