First Interim Dividend

Dunedin Income Growth Inv Tst PLC

22 June 2023

 

Dunedin Income Growth Investment Trust PLC

Legal Entity Identifier (LEI):  549300PPXLZPR5JTL763

22 June 2023

First Interim Dividend

The Board has today declared a first interim dividend in respect of the year ending 31 January 2024, of 3.2p per share, which will be payable on 25 August 2023 to shareholders on the register on 4 August 2023, with an ex-dividend date of 3 August 2023.

The rate of interim dividend was last increased in August 2018. The Board is mindful that the increases in the overall annual rate of dividend since 2018 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 of the three interim dividends from 3.0p to 3.2p per share so as to create a more even balance between the rates of the interim and final dividends. The 6.7% 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 over the medium term. 

For further information, please contact:

G Hay Smith

abrdn Holdings Limited  

Secretaries

0131 372 2200

 

END