Premier Energy&Water Dividend Announcement
March 01 2017 - 1:00AM
UK Regulatory
TIDMPEW TIDMPEZ
Premier Energy and Water Trust PLC announces a fourth interim dividend for the
year ending 31 December 2016 of 4.0 pence per Ordinary Share. This fourth
interim dividend will be paid on 31 March 2017 to members on the register at
the close of business on 10 March 2017. The Ordinary Shares will be marked
ex-dividend on 9 March 2017.
The reduction in the size of the Company's zero dividend preference share issue
at the start of 2016 had been expected to reduce earnings per share. To give
some guidance to investors, in February 2016 the directors announced that they
expected that the total dividend for 2016 to be at least 8.0p per Ordinary
Share. The directors are therefore pleased with an outcome for the year that
has allowed them to announce a fourth interim dividend that will result in a
total dividend for the year of 9.7 pence per Ordinary Share. This is a level
which is not only well ahead of the 8.0 pence per Ordinary Share minimum but
also matches the base dividend paid in 2015 despite the change in capital
structure.
1 March 2017
Enquiries:
Premier Fund Managers Limited + 44 (0) 1483 30 60 90
Nigel Sidebottom
James Smith
Claire Long
END
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