Law Debenture Corp PLC Dividend Declaration (5426A)
May 24 2023 - 8:20AM
UK Regulatory
TIDMLWDB
RNS Number : 5426A
Law Debenture Corp PLC
24 May 2023
The Law Debenture Corporation p.l.c.
First Interim Dividend Announcement
-- Declaring a first interim dividend of 7.625 pence per
ordinary share payable in July 2023, representing an increase of
5.2% over the prior year's first interim dividend.
-- It is the Board's intention for each of the first three
interim dividends for 2023 to be equivalent to a quarter of Law
Debenture's total 2022 dividend of 30.50 pence per ordinary
share.
The combination of IPS' steady income and our strong reserves
allows Law Debenture to continue executing its 45-year track record
of maintaining or increasing its dividend payments.
This dividend will be paid on 6 July 2023 to shareholders on the
register at close of business on 2 June 2023. The Corporation's
shares will go ex-dividend on 1 June 2023.
Law Debenture Corporate Services Limited
Corporate Secretary
24 May 2023
Contact:
Tulchan Communications
David Allchurch, Guy Bates
Lawdebenture@tulchangroup.com
+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, the FTSE
Actuaries All-Share Index, by 73%(1) .
Our leading independent professional services business accounts
for c.21% of Law Debenture's NAV but has funded 34% 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 2022.
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END
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