DORE announces Q4 dividend of 1.45 pence per share

LONDON - Downing Renewables & Infrastructure Trust plc (LSE:DORE), an investment company specializing in renewable energy assets, has declared a dividend of 1.45 pence per ordinary share for the fourth quarter of 2024. Shareholders on the register by 28 February 2025 will receive the dividend payment around 28 March 2025, with the ex-dividend date set for 27 February 2025.

The dividend pertains to the period from 1 October 2024 to 31 December 2024 and is in line with the company’s financial strategy as outlined in its prospectus dated 7 June 2022. According to the announcement, a significant portion, 85%, of this dividend may be designated as an interest distribution for UK tax purposes.

This declaration follows DORE’s investment approach, which focuses on a diversified portfolio of renewable energy assets. The trust aims to provide investors with a sustainable income stream, along with an element of capital growth, by investing in assets that contribute to the transition to a lower carbon economy.

The financial details of the dividend, including the interest streaming percentage, are based on the company’s latest financial results and operational performance. The announcement is a routine part of DORE’s communication with its shareholders and the market, providing transparency on its distribution of earnings.

Downing Renewables & Infrastructure Trust is managed by Downing LLP, an investment management firm with expertise in renewable energy investments. The company is listed on the London Stock Exchange (LON:LSEG) and has appointed Singer Capital Markets and Winterflood Securities Limited as its joint corporate brokers.

The information contained in this article is based on a press release statement issued by Downing Renewables & Infrastructure Trust plc and is intended to inform shareholders and the market about the latest dividend declaration.

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