Dunedin Income Growth Inv Tst PLC First Interim Dividend (6404D)
22 Junio 2023 - 9:04AM
UK Regulatory
TIDMDIG
RNS Number : 6404D
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
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