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LWDB Law Debenture Corporation Plc

837.00
-10.00 (-1.18%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Law Debenture Corporation Plc LSE:LWDB London Ordinary Share GB0031429219 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -1.18% 837.00 838.00 839.00 860.00 836.00 860.00 126,916 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 133.36M 75.15M 0.5730 14.62 1.1B

Law Debenture Corp PLC Dividend Declaration

22/05/2024 3:00pm

RNS Regulatory News


RNS Number : 5161P
Law Debenture Corp PLC
22 May 2024
 

The Law Debenture Corporation p.l.c.

First Interim Dividend Announcement

·  Declaring a first interim dividend of 8.0 pence per ordinary share payable in July 2024, representing an increase of 4.9% over the prior year's first interim dividend.

·     It is the Board's intention for each of the first three interim dividends for 2024 to be equivalent to a quarter of Law Debenture's total 2023 dividend of 32 pence per ordinary share.

 

The combination of IPS' steady income and our strong reserves allows Law Debenture to continue executing its 46-year track record of maintaining or increasing its dividend payments.  

This dividend will be paid on 4 July 2024 to shareholders on the register at close of business on 31 May 2024. The Corporation's shares will go ex-dividend on 30 May 2024. 

Law Debenture Corporate Services Limited

Corporate Secretary

22 May 2024

 

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 113% and outperformed its benchmark, the FTSE Actuaries All-Share Index, by 52%1.

Our leading independent professional services business accounts for c.20% of Law Debenture's NAV but has funded c.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 2023.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END
 
 
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