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LWDB Law Debenture Corporation Plc

876.00
-5.00 (-0.57%)
28 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Law Debenture Corporation Plc LWDB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-5.00 -0.57% 876.00 16:35:16
Open Price Low Price High Price Close Price Previous Close
875.00 875.00 880.00 876.00 881.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Law Debenture LWDB Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
27/02/2024FinalGBP0.0912507/03/202408/03/202411/04/2024
28/07/2023InterimGBP0.0762521/12/202322/12/202325/01/2024
28/07/2023InterimGBP0.0762505/10/202306/10/202326/10/2023
24/05/2023InterimGBP0.0762501/06/202302/06/202306/07/2023
28/02/2023FinalGBP0.087509/03/202310/03/202313/04/2023
29/09/2022InterimGBP0.072522/12/202223/12/202226/01/2023
29/09/2022InterimGBP0.072506/10/202207/10/202227/10/2022
25/05/2022InterimGBP0.072501/06/202206/06/202207/07/2022
25/02/2022FinalGBP0.0837510/03/202211/03/202214/04/2022
26/05/2021InterimGBP0.0687523/12/202124/12/202128/01/2022
26/05/2021InterimGBP0.0687507/10/202108/10/202128/10/2021
26/05/2021InterimGBP0.0687503/06/202104/06/202107/07/2021
08/06/2020FinalGBP0.0811/03/202112/03/202115/04/2021
08/06/2020InterimGBP0.06524/12/202029/12/202028/01/2021
08/06/2020InterimGBP0.06524/09/202025/09/202028/10/2020
08/06/2020InterimGBP0.06525/06/202026/06/202028/07/2020
27/02/2020FinalGBP0.19412/03/202013/03/202016/04/2020
24/07/2019InterimGBP0.06608/08/201909/08/201906/09/2019

Top Dividend Posts

Top Posts
Posted at 22/5/2024 15:19 by speedsgh
Dividend Declaration -

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.
Posted at 03/4/2024 15:56 by vacendak
This is not meant to put your portfolio on fire.

Like FCIT, the appeal is in its liquidity. Also it tends to trade at a premium a lot more than the rest of the generic global semi-trackers ITs. There is hardly any risk with LWDB, low interest rates, high interest rates, rain or shine... it will not have the swings of Scottish Mortgage.
Posted at 03/4/2024 13:22 by thamestrader
Think I'm beginning to lose faith in this one. Since 1jan24: FTSE up 2.3%, my UK portfolio up 2.3%, LWDB down 2%. Yes there's a divi, but still a rubbish performance. There is a slight hint of an upward channel forming, so I might try and be patient.
Posted at 27/2/2024 11:25 by speedsgh
Q4 dividend: 9.125p
Payment date: 11/4/24
Ex-div: 7/3/24

"The Directors recommend a final dividend of 9.125 pence per share making a total for the year of 32.0 pence per share. Subject to the approval of shareholders, the final dividend will be paid on 11 April 2024 to holders on the register of the record date of 8 March 2024."
Posted at 27/2/2024 11:24 by speedsgh
Annual Financial Report -

Highlights:

· Share price total return marginally outperformed the FTSE Actuaries All-Share Index with a total return of 8.1% for 2023.

· NAV total return with debt and Independent Professional Services ("IPS") business at fair value for FY 2023 of 9.4% (8.9% with debt at par), outperforming index at 7.9%.

· Another good performance from IPS, with net revenue increasing by 11.8%, profit before tax up by 10.5% and valuation up 6.3% to £185 million (excluding net assets).

· The Company issued c.3 million new Ordinary Shares at a premium to NAV during 2023, to existing and new investors, with net proceeds of c.£24.2 million to support ongoing investment.

· Continued low ongoing charges of 0.49%, compared to the industry average of 1.20%.

Dividend Highlights

· 2023 full year dividend expected to increase by 4.9% to 32.0 pence per Ordinary Share (2022: 30.5 pence per Ordinary Share).

· Proposed 2023 dividend is fully covered by retained profits earned this year with no requirement to call upon historical reserves.

· Dividend yield of 4.1% (based on our closing share price of 778 pence on 23 February 2024), proposed Q4 dividend of 9.125 pence per Ordinary Share.

· 7.9% CAGR in dividends over last ten years, reflecting strong IPS cashflow and good portfolio performance.
Posted at 28/9/2023 08:31 by ramellous
When using HL charts, I like to start by going to the funds section and bringing up the 5 yr chart of Fundsmith. This way you can overlay multiple equity charts on the same graph. Doing that with LWDB and the Lyxsor etf shows LWDB had a 60% total return and L100 had 20% since Sept 2018. Interestingly LWDB beat Fundsmith on the same timescale.
Posted at 27/9/2023 09:03 by spectoacc
It does differentiate LWDB, but on a slight premium? Was at a discount of around 10% for years.

Also, the major holdings of LWDB, MRCH, CTY:

LWDB - Shell, BP, RR, HSBC, FLTR, GSK, RIO
MRCH - GSK, Shell, BATS, RIO, BP
CTY - Shell, BA., ULVR, BATS


A FTSE100 tracker would save you about 0.7% pa, compound.

Needless to say, you'd find similar holdings in EDIN & TMPL.

Can see an argument for LWDB (but not on a premium), and can see an argument for eg playing discounts on others. But otherwise they're just a beige soup of mega-cap FTSE100's, with the stockpicking at the edges, when they get it right, destroyed by the compound charges. 1% pa of fees/costs add up hugely over years.
Posted at 27/9/2023 08:53 by eigthwonder
i like LWDB for the fact it has operating income as well as dividend income. TMPL managers are a class act, perfect for current market conditions
Posted at 27/9/2023 08:48 by thamestrader
I have become a fan of ITs like this one over the last year or so, holding MRCH, CTY and LWDB.

Now that I have 12 months' performance to review. Annual returns sep22 to sep23, including dividends have been 22% for LWDB, and 12-13% for CTY and MRCH. But september 22 was a major dip, so probably not a fair reference point. However whichever way you slice it and dice it, LWDB is best of the three.

I have recently added a few more EDIN and TMPL into the mix, so let's see how they get on.
Posted at 11/6/2020 11:46 by speedsgh
Dividend Declaration -

First Interim Dividend Announcement - Law Debenture Dividend Yield Hits 4.9%

-- Moving to quarterly dividends, creating greater regularity and predictability around dividend payments

-- Declaring a first interim dividend of 6.5 pence per ordinary share payable in July 2020

-- Further interim dividends of 6.5 pence per ordinary share expected in October 2020 and in January 2021

-- Board's current intention for the full year 2020 dividend to be at least equal to 2019 dividend of 26.0 pence per share

The Corporation declared, and our shareholders overwhelmingly approved, a 50% increase in our final dividend payment for 2019 earlier this year. This step change in dividend brought our dividend yield from 3.5% for the year ended 31 December 2018 to 4.0% for the year ended 31 December 2019(1) . The 2019 full year dividend per share was 26.0p (up 37.6%).

With significant turmoil in global markets as a result of the Covid-19 pandemic, a large number of quoted companies have cut their dividends in order to protect the long term future of their businesses. This is happening at a time when the recipients of those dividends may themselves be increasingly reliant on that income. The great advantage of the investment trust structure is the ability to retain a portion of income received each year in order to smooth dividends in times of market stress.

With that backdrop, the unique advantage of the Law Debenture structure has never been more evident. We approach 2020 with a professional services business that has funded 35% of dividends for the investment trust over the preceding 10 years and group retained earnings of GBP62.5m(2) . The combination of this diversification of income and the strength of our reserves provides us with a genuine competitive advantage over other equity income trusts when forming our dividend policy.

We also announced we were moving to a structure of quarterly dividends. We felt paying quarterly dividends would help to provide our shareholders with greater regularity of dividend income, which we hoped would prove attractive to new and existing shareholders. This has proved timely, as yield becomes increasingly scarce and shareholders' cash flows constricted.

With that back drop, the Corporation is delighted to declare a first interim dividend of 6.5 pence per ordinary share in respect of the year ending 31 December 2020. This dividend will be paid on 28 July 2020 to shareholders registered at the close of business on 26 June 2020. The Corporation's shares will go ex-dividend on 25 June 2020. Based on the current share price, that implies a dividend yield for the Law Debenture share of 4.9%(3)

We intend to pay two further interim dividends of 6.5 pence per ordinary share in October 2020 and January 2021. Shareholders will be asked to vote on a final dividend to be paid in April 2021 at the Corporations 2021 AGM. It is the Board's current intention to recommend the final dividend payment be at least 6.5 pence per share.

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