Dividend Declaration

RNS Number : 1731B

Schroder Income Growth Fund PLC

29 September 2022

 

Schroder Income Growth Fund plc

(the "Company")

Fourth interim dividend  for the year ending 31 August 2022

The directors of Schroder Income Growth Fund plc have declared a fourth interim dividend of 5.70 pence per share for the year ending 31 August 2022 ("FY 2022").

Ex-dividend date:                                                   13 October 2022

Record date:                                                           14 October 2022

Payment date:                                                        4 November 2022

Dividend per share:                                              5.70 pence

This brings total dividends for FY 2022 to 13.20 pence per share, representing an increase of 3.1% over the 12.80 pence per share paid in respect of the previous financial year.

This increase, although not matching the very high levels of shorter term inflation, is the 27th consecutive year of dividend growth. Dividends as a whole have exceeded inflation over the last 5 and 10 years. Revenue reserve cover has been enhanced which  places the company in a strong absolute and sector relative position helping support future growth for shareholders.

Directorate Changes

The Company is pleased to announce the appointment of Mr Ewen Cameron Watt as Chairman of the Company, effective 15 December 2022 following the Annual General Meeting ("AGM"). Mr Cameron Watt will Chair the management engagement committee and step down as Chair of the nomination committee. Mr Cameron Watt has been a non-executive director since 2017 and senior independent director since 2021.

Mrs Bridget Guerin will not stand for re-election at the AGM, reflecting the board's succession policy, and need for orderly succession. The board would like to take this opportunity to thank Mrs Guerin for her invaluable contribution to the Company over the last 10 years and as Chairman for the last three years.

Ms Victoria Muir has been appointed as senior independent director.

Enquiries :  

Paula Lockwood

Schroder Investment Management Limited 

020 7658 6000

 

END

 

 

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