Dividend and Capital Repayment

RNS Number : 9130B

Investors Capital Trust PLC

10 March 2014

 



To:                   RNS

From:              Investors Capital Trust plc

Date:               10 March 2014

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a fourth quarter dividend of 1.1225 pence per share on the A shares of the Company.  This dividend will be paid on 2 May 2014 to A shareholders on the register on 4 April 2014.  A fourth quarter capital repayment of 1.1225 pence per share will be paid on the B shares of the Company on 2 May 2014 to B shareholders on the register on 4 April 2014.  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 2.0 per cent over the fourth quarter dividend/ capital repayment paid in the prior year. Each of the quarterly dividends for the year ending 31 March 2014 has been increased by a similar amount.

Based on these distributions, the dividend yield on an A share was 4.5 per cent based on the A share price of 96.5 pence as at 7 March 2014, and the distribution yield on a B share was 4.4 per cent based on the B share price of 98.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.4 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 4.7 per cent based on a unit price of 375.0 pence as at 7 March 2014.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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