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LONDON - The Law Debenture Corporation p.l.c. has declared a first interim dividend of 8.375 pence per ordinary share, marking a 4.7% increase from the previous year’s equivalent payout. The dividend is scheduled to be paid on July 4, 2025, to shareholders who are on the register by the close of business on June 6, 2025. The shares will go ex-dividend on June 5, 2025.
This dividend announcement is in line with the Board’s intention to maintain the dividend payments at a level equivalent to a quarter of the total 2024 dividend, which was 33.5 pence per share. The steady income from Law Debenture’s Independent (LON:IOG) Professional Services (IPS) and strong reserves have enabled the corporation to sustain its 47-year history of consistent or growing dividends.
Law Debenture’s investment portfolio, managed by James Henderson and Laura Foll of Janus Henderson Investors, aims for long-term capital growth in real terms and a progressively increasing income. The corporation’s goal is to outperform the FTSE Actuaries All-Share Index Total (EPA:TTEF) Return by investing in a diversified stock portfolio.
Over the last decade, Law Debenture has increased its dividend by more than 113% and has outperformed its benchmark index by 45.9% over the past five years. The professional services business, which makes up 19% of the corporation’s Net Asset Value (NAV), has funded approximately one-third of dividends over the past decade, providing investment managers with the flexibility to select strong business models and attractive valuation opportunities.
The information regarding the dividend declaration is based on a press release statement from The Law Debenture Corporation p.l.c. and is disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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