Dividend and Capital Repayment

RNS Number : 9993N

Investors Capital Trust PLC

03 February 2016

 

To:                   RNS

From:              Investors Capital Trust plc

Date:               3 February 2016

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a fourth quarter dividend of 1.18 pence per share on the A shares of the Company.  This dividend will be paid on 6 May 2016 to A shareholders on the register on 8 April 2016.  A fourth quarter capital repayment of 1.18 pence per share will be paid on the B shares of the Company on 6 May 2016 to B shareholders on the register on 8 April 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 fourth quarter dividend / capital repayment paid in the prior year. For the financial year to 31 March 2016, total dividends / capital repayments have increased by 2.7% to 4.60 pence per share (Financial year to 31 March 2015: 4.48 pence per share).

Based on these distributions, the dividend yield on an A share was 5.3 per cent based on the A share price of 87.5 pence as at 2 February 2016, and the distribution yield on a B share was 5.3 per cent based on the B share price of 87.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.9 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 5.3 per cent based on a unit price of 347 pence as at 2 February 2016.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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