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Law Debenture Corp (LWDB)

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Wednesday 25 May, 2022

Law Debenture Corp

Dividend Declaration

RNS Number : 8122M
Law Debenture Corp PLC
25 May 2022
 

The Law Debenture Corporation p.l.c.

First Interim Dividend Announcement - Board increases dividend by 5.5%

· Declaring a first interim dividend of 7.25 pence per ordinary share payable in July 2022, representing an increase of 5.5% over the prior year's first interim dividend.

·   It is the Board's intention for each of the first three interim dividends for 2022 to be equivalent to a quarter of Law Debenture's total 2021 dividend of 29.0 pence per ordinary share.

 

The combination of IPS' steady income and our strong reserves allows Law Debenture to continue its 44-year track record of maintaining or increasing its dividend payments.  

This dividend will be paid on 7 July 2022 to shareholders on the register at close of business on 6 June 2022. The Corporation's shares will go ex-dividend on 1 June 2022. 

Law Debenture Corporate Services Limited

Corporate Secretary

25 May 2022

 

Contact:  

Tulchan Communications   

David Allchurch, Deborah Roney

[email protected]

+44 (0)777 193 7173

 

Notes to Editor

Law Debenture's equity portfolio of investments is managed by James Henderson and Laura Foll of Janus Henderson Investors.

Our objective is to achieve long-term capital growth in real terms and steadily increasing income.  The aim is to achieve a higher rate of total return than the FTSE Actuaries All-Share Index Total Return through investing in a diversified portfolio of stocks.

In the last ten years Law Debenture has increased its dividend by more than 100% and outperformed its benchmark and the FTSE Actuaries All-Share Index by 126.3%1.

Our leading independent professional services business accounts for 18% of Law Debenture's NAV but has funded 36% of dividends over the past decade. As a result, our Investment Managers' have the flexibility of selecting strong business models and attractive valuation opportunities, which will continue to position the equity portfolio for future longer-term growth and outperformance.

The Law Debenture Corporation p.l.c. is registered in England, company registration number 00030397. LEI number - 2138006E39QX7XV6PP21

1 Source: Law Debenture's Annual Financial Report for the period ended 31 December 2021.

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