Dividend Declaration

RNS Number : 8421Z

Schroder Income Growth Fund PLC

19 December 2017

 

 

19 December 2017

First interim dividend

for the year ending 31 August 2018

The Directors of Schroder Income Growth Fund plc (the "Company") have declared a first interim dividend of 2.40 pence (net) per share for the year ending 31 August 2018, payable on 31 January 2018 to shareholders on the register on 29 December 2017. This compares to a first interim dividend of 2.00 pence (net) per share paid in respect of the previous financial year.

The increased rate of this dividend follows a decision by the Board to rebalance distributions so that the difference between the first three interim dividends and the fourth interim dividend should be reduced.

The Board remains committed to increasing the total annual dividend level over time, however, shareholders should note that the increase in the first interim dividend compared to the previous year should not be considered indicative of an increase or decrease in the total annual dividend level for the year ending 31 August 2018.  

Ex-dividend date:                                      28 December 2017

Record date:                                            29 December 2017

Payment date:                                         31 January 2018

Dividend per share:                                   2.40 pence (net)

Enquiries:        

Andrea Davidson

Schroder Investment Management Limited            

020 7658 4430

 

END

 

 

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