The Company aims to pay as high, secure and sustainable a dividend as is compatible with protecting and increasing the value of its shareholders’ funds per share and maintaining its investment flexibility. Dividends are paid in July, October, January and April of each year.
The Company offers a Dividend Re-Investment Plan (“DRIP”) facility to shareholders who hold their shares on the main register. The DRIP allows your cash dividends to be used to purchase shares at current market prices, on your behalf. You will not receive any cash dividends while you remain in the plan, only additional shares. Any cash balance remaining after buying the shares, including the dealing costs, or any cash dividend which is not enough to buy one share, will be carried forward (without interest) and added to your next dividend. The commission charge is 0.5%, subject to a minimum fee of £1.75. Stamp Duty Reserve Tax, charged at 0.5% of the value of shares that you buy, will also be paid from your dividend proceeds on your behalf.
If you wish to participate in the DRIP, please contact Equiniti on 0371 384 2459 (or 0121 415 7047).