Dividend and Capital Repayment

RNS Number : 9643P

Investors Capital Trust PLC

23 November 2016

 

To:                   RNS

From:              Investors Capital Trust plc

Date:               23 November 2016

Dividend and Capital Repayment

The Board of Investors Capital Trust plc announces a third quarter dividend of 1.17 pence per share on the A shares of the Company.  This dividend will be paid on 3 February 2017 to A shareholders on the register on 6 January 2017.  A third quarter capital repayment of 1.17 pence per share will be paid on the B shares of the Company on 3 February 2017 to B shareholders on the register on 6 January 2017.  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 third quarter dividend / capital repayment paid in the prior year. As previously announced, in the absence of unforeseen circumstances, the Company intends to increase each of the quarterly dividends for the year ending 31 March 2017 by a similar amount.

Based on these intended distributions, the dividend yield on an A share was 4.9 per cent based on the A share price of 95.5 pence as at 22 November 2016, and the distribution yield on a B share was 4.9 per cent based on the B share price of 96.25 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.6 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 4.9 per cent based on a unit price of 385 pence as at 22 November 2016.

Enquiries:                         

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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