Premier Energy&Water Dividend Announcement

 
TIDMPEW TIDMPEZ 
 
Premier Energy and Water Trust PLC announces a fourth interim dividend for the 
year ending 31 December 2016 of 4.0 pence per Ordinary Share. This fourth 
interim dividend will be paid on 31 March 2017 to members on the register at 
the close of business on 10 March 2017. The Ordinary Shares will be marked 
ex-dividend on 9 March 2017. 
 
The reduction in the size of the Company's zero dividend preference share issue 
at the start of 2016 had been expected to reduce earnings per share. To give 
some guidance to investors, in February 2016 the directors announced that they 
expected that the total dividend for 2016 to be at least 8.0p per Ordinary 
Share. The directors are therefore pleased with an outcome for the year that 
has allowed them to announce a fourth interim dividend that will result in a 
total dividend for the year of 9.7 pence per Ordinary Share. This is a level 
which is not only well ahead of the 8.0 pence per Ordinary Share minimum but 
also matches the base dividend paid in 2015 despite the change in capital 
structure. 
 
1 March 2017 
 
Enquiries: 
 
Premier Fund Managers Limited                + 44 (0) 1483 30 60 90 
 
Nigel Sidebottom 
James Smith 
Claire Long 
 
 
 
END 
 

(END) Dow Jones Newswires

March 01, 2017 02:00 ET (07:00 GMT)