Dividend Declaration
To: RNS
From: Personal Assets Trust plc
Date: 17 March 2011
Dividend Declaration
The Board of Personal Assets Trust plc has today declared a second interim dividend for the year ended 30 April 2011 of £2.70 per share, making a total of £5.40 for the year. This is a 3.8% increase compared to the previous year. The dividend will be paid on 22 April 2011 to shareholders on the register on 25 March 2011. The ex-dividend date will be 23 March 2011.
From its financial year 2011-12 Personal Assets will pay dividends quarterly, rather than half yearly. The Board's stated dividend policy is for the present dividend rate to grow over the long term in real terms relative to both the Retail Price Index and the Consumer Price Index and never to cut the dividend rate, so shareholders know that each payment will at least equal the previous one. The first quarterly dividend for the year ended 30 April 2012, expected to be paid in July 2011, will be at least £1.35 per share (corresponding to £2.70 at the previous half-yearly rate) and the total dividend for the year will be not less than £5.40.
For further details, please contact :-
Robin Angus, Executive Director 0131 538 6601
Steven Davidson, Company Secretary 0131 538 6603
This information is provided by RNS