Law Debenture Corporation Plc

1.00 (0.12%)
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
  1.00 0.12% 807.00 69,554 11:14:34
Bid Price Offer Price High Price Low Price Open Price
806.00 809.00 807.00 801.00 801.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Investment Offices -33.76 -86.35 -67.40 - 1,048.82
Last Trade Time Trade Type Trade Size Trade Price Currency
11:17:49 O 615 806.623 GBX

Law Debenture (LWDB) Latest News

Law Debenture (LWDB) Discussions and Chat

Law Debenture Forums and Chat

Date Time Title Posts
05/3/202322:21Law Debenture Corporation - founded in 1889109
06/3/200923:19LWDB with Charts & News15
01/3/200610:37EXCELLENT Investment Trust2

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Law Debenture (LWDB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Law Debenture (LWDB) Top Chat Posts

Top Posts
Posted at 10/1/2023 15:50 by vacendak
When LWDB changed its benchmark to UK Income, they mentioned going nearly pure UK with a bit of blue chip US for income (mostly Microsoft at the time if I remember).
True that the articles of incorporation allow for some leeway on global spread.

Considering we have been hearing "UK shares are cheap" for a while and that LWDB is value oriented, I was not expecting that recent 10+% in Europe. Then again, nothing wrong with it.

Posted at 10/1/2023 13:37 by vacendak
A bit behind in my reading but we seem to be investing more and more in Europe at the moment. The November factsheet says 10.6%.
I thought LWDB had decided to be nearly all UK with a pinch of US not so long ago.

Posted at 27/10/2022 09:53 by wskill
Think compared to rest of world the UK valuations are low and have not seen the huge rise of USA shares these past years,buying LWDB myself now as its a well run trust on a very reasonable valuation.
Posted at 01/7/2022 15:52 by speedsgh
LWDB has held up remarkably well since the start of the year all things considered. Showing its true quality as per topvest's previous post.
Posted at 27/2/2022 17:08 by woodyjmw
Look like reasonable results:
Group Highlights

-- NAV total return with debt and IPS at FV for 2021 of 25.1%, outperforming the FTSE Actuaries All-Share Index by 6.8%

-- Another year of strong performance from the Independent Professional Services business (IPS) with profit before tax up by 9.1% and valuation up 32.4% (2) to GBP166m

-- The capital structure has been reviewed to support further investment, resulting in the issuance of 4.5 million new ordinary shares at a premium to NAV, to existing and new investors, with net proceeds of GBP32.9m. Two tranches of long-term debt, with a total value of GBP50m, were also issued, with an average coupon of 2.54%

-- Continued low ongoing charges of 0.50%, compared to the industry average of 1.05%
-- Winner of Investment Week's UK Income Sector Investment Trust of the year
Dividend Highlights

-- 2021 FY dividends increased by 5.5% to 29.0 pence per ordinary share (2020: 27.5p)
-- Dividend yield of 3.7% (i) , Q4 dividend of 8.375 pence per ordinary share
-- 13.8% CAGR in dividends over last four years

Posted at 27/5/2021 15:51 by speedsgh
Dividend Declaration - HTTPS://www.investegate.co.uk/law-debenture-corp--lwdb-/rns/dividend-declaration/202105261629269410Z/

First Interim Dividend Announcement - Builds on 42 year track record of maintaining or increasing dividends

· Declaring a first interim dividend of 6.875 pence per ordinary share payable in July 2021, representing an increase of 5.8% over the prior year's first interim dividend.

· It is the Board's intention for each of the first three interim dividends for 2021 to be equivalent to a quarter of Law Debenture's total 2020 dividend of 27.5 pence per ordinary share.

· The Board's current intention is for the total 2021 dividend to be an increase on the total 2020 dividend of 27.5 pence per ordinary share.

As the vaccine rollout continues at pace and economies begin to recover following the easing of restrictions, there is a definite feeling of optimism about the UK dividend outlook. The Board is, however, conscious that the pandemic has had a residual effect on dividends across the market and that they are unlikely to return to the level of 2019 for several years. It is at times like these when the benefits of Law Debenture's unique structure come to the fore. The consistent and diversified income provided by Law Debenture's Independent Professional Services businesses (IPS) gives us a genuine competitive advantage over other equity income trusts.

The combination of IPS' steady income and our strong reserves allows Law Debenture to continue executing its 42 year track record of maintaining or increasing its dividend payments.

As a result of this, we have declared a first interim dividend of 6.875 pence per ordinary share payable in July 2021; this represents an increase of 5.8% over the prior year's first interim dividend.

At the Corporation's 2022 annual general meeting shareholders will be asked to vote on a final dividend to be paid in April 2022. It is the Board's current intention to recommend the final 2021 dividend payment such that the total dividend will be an increase on the 2020 dividend of 27.5 pence per ordinary share.

Posted at 18/5/2021 13:35 by sharesoc
In case you missed our webinar with Law Debenture Investment Trust the recording and stockopedia report can be found here: hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-law-debenture-investment-trust-lwdb-29-april-2021/

To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/

Posted at 28/4/2021 11:08 by sharesoc
Last chance to register for our webinar with Law Debenture Investment Trust (LWDB)tomorrow!
Denis Jackson (CEO – Law Debenture) and James Henderson (Joint Portfolio – Manager) will both present.

Posted at 19/4/2021 16:56 by sharesoc
Law Debenture Investment Trust are presenting at our webinar on the 29th April which may be of interest to shareholders or potential investors. Denis Jackson (CEO – Law Debenture) and James Henderson (Joint Portfolio – Manager)present! More info here: hTTps://www.sharesoc.org/events/sharesoc-webinar-with-law-debenture-investment-trust-lwdb-29-april-2021/
Posted at 11/6/2020 11:46 by speedsgh
Dividend Declaration - HTTPS://uk.advfn.com/stock-market/london/law-debenture-LWDB/share-news/Law-Debenture-Corp-PLC-Dividend-Declaration/82614097

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.

Law Debenture share price data is direct from the London Stock Exchange
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