International Public Par... Dividends - INPP

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Stock Name	Stock Symbol	Market	Stock Type
International Public Partnerships Ld	INPP	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	-0.80	-0.47%	168.00	12:30:22

Open Price	Low Price	High Price	Close Price	Previous Close
168.80	168.00	168.80		168.80

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Industry Sector
EQUITY INVESTMENT INSTRUMENTS

International Public Par... INPP Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
24/03/2022	Interim	GBX	3.77	31/12/2020	31/12/2021	07/04/2022	08/04/2022	07/06/2022	7.55
09/09/2021	Interim	GBX	3.78	31/12/2020	31/12/2021	16/09/2021	17/09/2021	17/11/2021	0
25/03/2021	Final	GBX	3.68	31/12/2019	31/12/2020	08/04/2021	09/04/2021	04/06/2021	7.36
10/09/2020	Interim	GBX	3.68	31/12/2019	31/12/2020	17/09/2020	18/09/2020	13/11/2020	0
09/04/2020	Final	GBX	3.59	31/12/2018	31/12/2019	23/04/2020	24/04/2020	19/06/2020	7.18
06/09/2019	Interim	GBX	3.59	31/12/2018	31/12/2019	19/09/2019	20/09/2019	07/11/2019	0
28/03/2019	Final	GBX	3.5	31/12/2017	31/12/2018	11/04/2019	12/04/2019	10/06/2019	7
06/09/2018	Interim	GBX	3.5	31/12/2017	31/12/2018	20/09/2018	21/09/2018	08/11/2018	0
21/03/2018	Final	GBX	3.41	31/12/2016	31/12/2017	26/04/2018	27/04/2018	15/06/2018	6.82
07/09/2017	Interim	GBX	3.41	31/12/2016	31/12/2017	28/09/2017	29/09/2017	09/11/2017	0
30/03/2017	Final	GBX	3.32	31/12/2015	31/12/2016	20/04/2017	21/04/2017	07/06/2017	6.65
01/09/2016	Interim	GBX	3.325	31/12/2015	31/12/2016	22/09/2016	23/09/2016	03/11/2016	0
24/03/2016	Final	GBX	3.23	31/12/2014	31/12/2015	14/04/2016	15/04/2016	27/05/2016	6.45
27/08/2015	Interim	GBX	3.22	31/12/2014	31/12/2015	17/09/2015	18/09/2015	30/10/2015	0
26/03/2015	Final	GBX	3.15	31/12/2013	31/12/2014	23/04/2015	24/04/2015	09/06/2015	6.3
28/08/2014	Interim	GBX	3.15	31/12/2013	31/12/2014	17/09/2014	19/09/2014	24/10/2014	0
27/03/2014	Final	GBX	3.08	31/12/2012	31/12/2013	23/04/2014	25/04/2014	13/06/2014	6.15
29/08/2013	Interim	GBX	3.07	31/12/2012	31/12/2013	11/09/2013	13/09/2013	23/10/2013	0
28/03/2013	Final	GBX	3	31/12/2011	31/12/2012	24/04/2013	26/04/2013	14/06/2013	6
30/08/2012	Interim	GBX	3	31/12/2011	31/12/2012	12/09/2012	14/09/2012	19/10/2012	0
19/04/2012	Final	GBX	2.93	31/12/2010	31/12/2011	25/04/2012	27/04/2012	15/06/2012	5.85
30/08/2011	Interim	GBX	2.92	31/12/2010	31/12/2011	14/09/2011	16/09/2011	28/10/2011	0
09/03/2011	Final	GBX	2.85	31/12/2009	31/12/2010	16/03/2011	18/03/2011	06/05/2011	5.7
24/08/2010	Interim	GBX	2.85	31/12/2009	31/12/2010	01/09/2010	03/09/2010	15/10/2010	0
08/04/2010	Final	GBX	2.775	31/12/2008	31/12/2009	17/03/2010	19/03/2010	06/05/2010	5.55
26/08/2009	Interim	GBX	2.78	30/12/2008	30/06/2009	09/09/2009	11/09/2009	09/10/2009	0
30/03/2009	Final	GBX	2.7	31/12/2007	31/12/2008	25/03/2009	27/03/2009	13/05/2009	5.4
01/09/2008	Interim	GBX	2.7	30/12/2007	30/06/2008	03/09/2008	05/09/2008	03/10/2008	0
31/03/2008	Final	GBX	2.62	31/12/2006	31/12/2007	12/03/2008	14/03/2008	02/05/2008	5.97
22/08/2007	Interim	GBX	3.35	30/12/2006	30/06/2007	26/09/2007	28/09/2007	26/10/2007	0

Top Dividend Posts

Date	Subject
29/4/2022 07:27	rik shaw: hTtps://uk.advfn.com/stock-market/london/international-public-par-INPP/share-news/International-Public-Partnerships-Result-of-Initia/87951373 The Initial Issue was oversubscribed several times over, with support from both new and existing investors. In light of this significant demand the Board has elected to increase the size of the Initial Issue from the initial target amount of GBP250 million to the maximum New Shares available under the Initial Issue, raising gross proceeds of GBP325 million. Notwithstanding this the demand was such that investors not benefiting from pre-emptive rights have been scaled back Read Full Thread Follow Reply
28/4/2022 13:20	williamcooper104: Also mature, close to end of life PFI projects have large debt amortisation payments that reduce the dividend cash cover but don't effect real dividend coverage So HICLs divi coverage is (from memory/last I looked at) not much different from INPP Main difference with HICL is that they have moved into more demand type assets - eg toll roads - which are about 20 percent of their assets - these have more sensitivity to the economic cycle, but benefit from higher returns Read Full Thread Follow Reply
28/4/2022 13:17	williamcooper104: Agree with most of that The inflation protection is stronger than for most commercial property Dividend yield cover is not relevant - or rather looking at one years cash cover isn't relevant The normal project finance metric of Asset Life cover ratio eg the remaining project cashflows discounted back and then adjusted for management fees relative to the dividend is the more relevant ratio Eg if the discount rate is 6 percent and management fees are 1 percent and the dividend yield is 4.5 percent then your cover is 5/4.5 Read Full Thread Follow Reply
28/4/2022 11:47	pyufak: This is a repost of my comments / thinking on another site. I decided to buy this week just above 160 as I didn’t want to take allocation risk. Hoping for a strong result announced tomorrow. Previous post: INPP is raising funds at 159.5p - closes EoD 27th April; results 29th April. After watching HICL and this name for a while I decided to take the plunge today and bought as part of my income holdings. Here’s a few points why; I would be interested if others have any views on this name they wished to share. hxxps://www.internationalpublicpartners ... aft_vf.pdf 1. Slide 5 & 7: Dividend is x1.1 covered; expected to grow at ~2.5% for both ‘22 and ‘23. This is better than HICL which is uncovered and static projection at the moment. 2. Slide 30 - discount trends - while discount rates have dropped by ~1% over the past decade, 30y interest rates (which I think is the appropriate metric given the asset base and matched fixed rate financing) have dropped substantially more. As such the relative constitution of the discount rate is a higher credit proportion vs. interest rate throughout the past decade. Therefore arguably as interest rates rise the existing discount rate has room to rebalance to a more historical mix of interest rate + credit proportions rather than head materially higher outright. 3. Slide 31, 32 & 33 - the key slides which got me across the line to buy the dip caused by this fund raising. This looks at the impact of inflation on their portfolio. Frankly their assumptions are way off what we look set to experience in ‘22 and ‘23. They assume central banks hit their long run inflation targets (2.5% in U.K. - their most important geography. That’s a fair enough assumption but what interests me is the portfolio impact of higher inflation when inflation overshoots - +1.8p if 200bp above (so 4.5%). Given it looks like the U.K. may have ‘22 inflation closer to 8 or 9% this could add almost 5.4p to the NAV; and more the longer inflation persists. Putting this together I like the balance the investment brings - in that the portfolio appears to have a degree of inflation protection should higher inflation become entrenched or persistent. Conversely, if central banks react significantly on short term interest rates to bring inflation back to target I would argue 30y discount rates will be unchanged as if anything this would strengthen their inflation taming credibility. Read Full Thread Follow Reply
27/4/2022 12:39	ec2: I will leave this right down to the wire before I make my final decision. Following the HICL price very closely as IMO this gives a cleaner indication of how INPP would be performing if there was no offer taking place. Read Full Thread Follow Reply
08/4/2022 07:35	rik shaw: Fund raising htTps://uk.advfn.com/stock-market/london/international-public-par-INPP/share-news/International-Public-Partnerships-Issue-of-Equity/87789057 Read Full Thread Follow Reply
24/3/2022 07:44	rik shaw: Annual results and dividend declaration; hTtps://uk.advfn.com/stock-market/london/international-public-par-INPP/share-news/International-Public-Partnerships-Full-Year-Result/87640179 hTtps://uk.advfn.com/stock-market/london/international-public-par-INPP/share-news/International-Public-Partnerships-2021-Second-Half/87640342 2023 target dividend of 7.93p Read Full Thread Follow Reply
09/4/2020 08:13	rik shaw: Solid results today. Dividend last year 7.16p. Target 2020 and 2021 full-year dividends of 7.36 and 7.55. Read Full Thread Follow Reply
21/7/2019 15:54	apollocreed1: The share price is on the way up again. There's no official news but the likelihood of Corbyn gaining a majority in any future election has decreased so I've noticed that a few fund managers have built up stakes in INPP - e.g. It's the largest position in FP Foresight UK Infrastructure Income fund. So I decided to come out at 157.20p. At a 7.33% premium, I think the downside risks have increased. Read Full Thread Follow Reply
15/5/2019 15:47	apollocreed1: Anyone have any idea why INPP shares have fallen so much today? 157.94 GBX −5.46 (3.34%) 15 May, 15:45 BST Read Full Thread Follow Reply

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