On Thursday, Northern 2 VCT PLC announced its decision to pay an interim dividend of 1.7 pence per ordinary share for the year ending March 31, 2025. This dividend is slated for distribution on January 22, 2025, to shareholders who are registered as of December 20, 2024.
The ex-dividend date, which is the cut-off date to qualify for the dividend, has been set for December 19, 2024. Investors who purchase the company's shares on or after this date will not be eligible for the announced dividend.
Northern 2 VCT PLC also reminded investors of its dividend investment scheme. This scheme allows shareholders to reinvest their dividends into new ordinary shares without incurring dealing costs. Additionally, investors can benefit from tax reliefs that are available for new VCT share subscriptions.
The company has provided details regarding the dividend investment scheme on its website. Shareholders and potential investors interested in participating in the scheme can find more information and instructions on how to join by visiting the dividend section of the Northern 2 VCT PLC website at www.mercia.co.uk/vcts/n2vct/.
This announcement is part of the company's ongoing commitment to provide value to its shareholders through regular dividend payments. The interim dividend reflects the company's financial performance and outlook for the year ending March 31, 2025.
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