Dividends

 

History - pence per Ordinary Share

Period to
30 June
First
Interim
Second
Interim

Special

Total
2018 1.40 2.60 0.60 4.60
2019 1.45 2.71 0.19 4.35

Note:
Dividends on the Ordinary Shares are normally paid half-yearly during February and August in respect of each financial year.

Dividend Policy

The Trust’s policy is to distribute a significant proportion of its net revenue (after payment of expenses and taxation) in the form of dividends paid to Ordinary Shareholders. As an investment trust, the Trust must not retain, in respect of any accounting period, an amount which is greater than 15% of its income for such accounting period. Ordinary Shareholders are entitled to receive all such dividends.

Zero Dividend Preference Shareholders are not entitled to receive dividend payments.