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 Shares Traded Last Trade
  -2.00 -0.4% 496.00 7,532 09:04:37
Bid Price Offer Price High Price Low Price Open Price
496.50 506.00 507.00 496.00 506.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 66.74 37.68 30.68 16.2 587
Last Trade Time Trade Type Trade Size Trade Price Currency
09:04:34 AT 73 496.00 GBX

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Date Time Title Posts
19/9/202015:55Law Debenture Corporation - founded in 188978
06/3/200923:19LWDB with Charts & News15
01/3/200610:37EXCELLENT Investment Trust2

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Law Debenture Daily Update: Law Debenture Corporation Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker LWDB. The last closing price for Law Debenture was 498p.
Law Debenture Corporation Plc has a 4 week average price of 478p and a 12 week average price of 478p.
The 1 year high share price is 656p while the 1 year low share price is currently 368p.
There are currently 118,433,786 shares in issue and the average daily traded volume is 146,851 shares. The market capitalisation of Law Debenture Corporation Plc is £587,431,578.56.
speedsgh: Dividend Declaration - HTTPS:// 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.
davebowler: HTtps://
speedsgh: New Edison research note... Step change in dividend supported by IPS income - HTTPS:// The Law Debenture Corporation (LWDB) saw a NAV total return of 17.9% (cum-fair) in FY19, with its share price total return of 24.5% comfortably outstripping the broad UK stock market. As well as a c 25% increase in portfolio income, LWDB’s independent professional services (IPS) businesses saw another year of good growth, providing important support for a step change in the annual dividend payment (+37.6%, with the final dividend up 50%, and moving to quarterly dividends from FY20). Portfolio managers James Henderson and Laura Foll continue to find attractive investment opportunities, particularly among unloved UK domestic stocks, while CEO Denis Jackson sees growth potential across the IPS businesses as a result of increased market focus on environmental, social and governance (ESG) issues...
rambutan2: From the beginning of March the IFS business was included at fair value in the nav. See start of results for explanation.
washbrook: I have followed this Investment Trust for over 35 years and now it is very cheap. The annual dividend on 1.2.1991 was 13.5p and the share price was 329p since then there has been a share adjustment 0.2 which puts the 1991 share at 65.8p and dividend 2.7p giving a net yield then of 4.1%. At that time we were in a bad recession and long dated gilts were 9.8% yield and US Long dated treasuries 8.19%. Look at today long dated gilts 4.2% In US they are almost zero. LAW DEBENTURES yields 6.66% net ---------------------------------- SEE LINK ------------------------------------------------------------------------------------ Notice in relation between dividend and share price Fridays close is 6.24% cheaper than 1.2.1991. THE FTSE 100 was 2165.7--- now 4049.37 DOW JONES 2730.69-- -now 8365.42 NIKKEI 225 23156.7 ---now 7917.5
Law Debenture share price data is direct from the London Stock Exchange
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