The
Law Debenture Corporation p.l.c.
Third Interim Dividend Announcement
· Declaring a third interim dividend of 8.0 pence per ordinary
share payable in January 2025, representing an increase of 4.9%
over the prior year's third interim dividend.
· This is consistent
with the Board's previously stated intention for each of the first three interim dividends for 2024 to be
equivalent to a quarter of Law Debenture's total 2023 dividend of
32 pence per ordinary share.
The combination of IPS' steady
income and our strong reserves allows Law Debenture to continue its
46-year track record of maintaining or increasing its dividend
payments.
This dividend will be paid on 23
January 2025 to shareholders on the register at close of business
on 20 December 2024. The Corporation's shares will go ex-dividend
on 19 December 2024.
Law Debenture Corporate Services
Limited
Corporate Secretary
12 December 2024
Contact:
Teneo
David Allchurch, Jo Blackshaw and
Oliver Bell
lawdeb@teneo.com
Notes to Editor
Law Debenture's equity portfolio of
investments is managed by James Henderson and Laura Foll of Janus
Henderson Investors.
Our objective is to achieve
long-term capital growth in real terms and steadily increasing
income. The aim is to achieve a higher rate of total return
than the FTSE Actuaries All-Share Index Total Return through
investing in a diversified portfolio of stocks.
In the last ten years Law Debenture
has increased its dividend by more than 113% and outperformed its
benchmark, the FTSE Actuaries All-Share Index, by
52%1.
Our leading independent professional
services business accounts for c.20% of Law Debenture's NAV but has funded c.34%
of dividends over the past decade. As a result, our Investment
Managers' have the flexibility of selecting strong business models
and attractive valuation opportunities, which will continue to
position the equity portfolio for future longer-term growth and
outperformance.
The Law Debenture
Corporation p.l.c. is registered in England, company
registration number 00030397. LEI number -
2138006E39QX7XV6PP21
1 Source: Law Debenture's Annual Financial Report for the
period ended 31 December 2023.