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LONDON - Invesco Asia Dragon Trust plc (LSE:IAD) announced Tuesday its plan to increase dividends for the financial year ending April 30, 2026, according to a company press release.
The investment trust will raise its total annual dividend to 15.8 pence per share, representing a 1.3% increase (0.2 pence) compared to the previous financial year. The new dividend amount equates to 4.4% of the company’s net asset value (NAV) per share as of April 30, 2025.
The board plans to distribute the dividend in four equal quarterly payments of 3.95 pence per share in July, October, January, and April of the current financial year. The first interim dividend is scheduled for payment on July 25, 2025, to shareholders registered as of July 11, 2025, with shares trading ex-dividend from July 10, 2025.
In its statement, the company noted that while its stated dividend policy typically targets an annual dividend of approximately 4.0% of NAV per share as of the preceding financial year end, the board has flexibility to exceed this figure due to the trust’s "significant distributable reserves."
The board cited shareholder preference for progressive dividends as a factor in its decision to increase the payout beyond the standard policy rate.
Invesco Asia Dragon Trust invests primarily in Asian securities, excluding Japan, and is listed on the London Stock Exchange (LON:LSEG).
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