27th Apr 2026 09:06
GCP Infrastructure Investments Ltd - closed-ended investment company advised by Gravis Capital Management Ltd that provides exposure to UK infrastructure debt - Declares 1.75 pence per share dividend for the first quarter of 2026, in line with the company's annual target of 7.00p. The ex-dividend date will be May 7.
GCP Infrastructure Investments also notes the decision by the UK government earlier this month to remove carbon price support from 2028, as part of an effort to lower wholesale electricity prices. Carbon pricing support is a tax on fossil fuels used in electricity generation. The UK government also plans to increase the tax rate on the electricity generator levy to 55% from 45%.
GCP Infrastructure Investments says it doesn't expect any material impact on the valuation of its investment portfolio as a result of the UK changes. It said its independent electricity price forecaster already had assumed the phasing out of the carbon price support, and those price forecasts are below the level at which the levy applies.
Current stock price: 75.40p, up 1.8% in London on Monday
12-month change: up 3.3%
By Tom Waite, Alliance News editor
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