Law Debenture Corp PLC Dividend Declaration (2134B)
September 29 2022 - 9:22AM
UK Regulatory
TIDMLWDB
RNS Number : 2134B
Law Debenture Corp PLC
29 September 2022
The Law Debenture Corporation p.l.c.
Second Interim Dividend Announcement
-- Declaring a second interim dividend of 7.25 pence per
ordinary share payable in October 2022, representing an increase of
5.5% over the prior year's second interim dividend.
-- It is the Board's intention for each of the first three
interim dividends for 2022 to be equivalent to a quarter of Law
Debenture's total 2021 dividend of 29.0 pence per ordinary
share.
The combination of IPS' steady income and our strong reserves
allows Law Debenture to continue its 44-year track record of
maintaining or increasing its dividend payments.
This dividend will be paid on 27 October 2022 to shareholders on
the register at close of business on 7 October 2022. The
Corporation's shares will go ex-dividend on 6 October 2022.
Law Debenture Corporate Services Limited
Corporate Secretary
29 September 2022
Contact:
Tulchan Communications
David Allchurch, Deborah Roney
Lawdebenture@tulchangroup.com
+44 (0)777 193 7173
Notes to Editor
Law Debenture's equity portfolio of investments is managed by
James Henderson and Laura Foll of Janus Henderson Investors.
Our objective is to achieve long-term capital growth in real
terms and steadily increasing income. The aim is to achieve a
higher rate of total return than the FTSE Actuaries All-Share Index
Total Return through investing in a diversified portfolio of
stocks.
In the last ten years Law Debenture has increased its dividend
by more than 100% and outperformed its benchmark and the FTSE
Actuaries All-Share Index by 126.3%(1) .
Our leading independent professional services business accounts
for 18% of Law Debenture's NAV but has funded 36% of dividends over
the past decade. As a result, our Investment Managers' have the
flexibility of selecting strong business models and attractive
valuation opportunities, which will continue to position the equity
portfolio for future longer-term growth and outperformance.
The Law Debenture Corporation p.l.c. is registered in England,
company registration number 00030397. LEI number -
2138006E39QX7XV6PP21
(1) Source: Law Debenture's Annual Financial Report for the
period ended 31 December 2021.
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END
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