5th Feb 2021 14:39
Aberdeen Standard Equity Income Trust PLC - aims for growth in capital and income from investments in UK quoted companies of all sizes - Declares first interim dividend of 5.2 pence per share for financial year ending September 30. Says second and third interim dividends also will be 5.2p each, and the fourth interim dividend will be at least 5.1p. The 20.7p minimum annual payout for financial 2021 will exceed forecast earnings, so the trust will tap into its revenue reserve, which currently stands at 12.9p per share. "The board considered that shareholders would appreciate clarity on the dividend prospects of the company at a time when other sources of income have dried up" says Chair Mark White.
Current stock price: 311.50p, implying 6.6% dividend yield
Year-to-date change: up 0.6%
By Tom Waite; [email protected]
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