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Downing Renewables & Infrastructure Trust plc's Board declared an interim dividend of 1 pence per ordinary share for the period to 30 June 2021. This dividend is payable on 30 September 2021 to shareholders on the register by 10 September 2021, with an ex-dividend date of 9 September 2021. The Board additionally announced an increased dividend target of 5 pence for the year to 30 June 2022 (representing 1.25 pence per share quarterly from September 2021), up from the previous target of 3 pence per share for the period from IPO to 31 December 2021, noting these targets are not profit forecasts.
| Date | 2 Sept 2021 |
| Time | 07:00:08 |
| Category | Capital structure |
| ID | 4647K |
Downing Renewables & Infrastructure Trust plc
("DORE" or "the Company")
Dividend Declaration and Increased Dividend Target
02 September 2021
The Board of Downing Renewables & Infrastructure Trust plc (LSE: DORE) is pleased to declare an interim dividend relating to the period from Admission at IPO to 30 June 2021 of 1 pence per ordinary share. The dividend will be paid on 30 September 2021 to shareholders on the register on 10 September 2021. The ex-dividend date is 9 September 2021.
Following the rapid deployment of the IPO proceeds, the Board is pleased to announce it is increasing its dividend guidance. Following payment of the first interim dividend of 1 pence per share for the period to 30 June 2021, the Company intends to increase the dividend to 5 pence for the year to 30 June 2022 (representing a dividend per share of 1.25 pence for the quarter ending September 2021 and thereafter), from the previous target dividend of 3 pence per share for the period from IPO to 31 December 20211.
1. The dividend targets stated above are targets only and not profit forecasts. There can be no assurance that these targets will be met, or that the Company will make any distributions at all and they should not be taken as an indication of the Company's expected future results.
Contact details:
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Downing LLP - Investment Manager to the Company
Tom Williams
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+44 (0)20 3954 9908 |
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Singer Capital Markets - Corporate Broker
Robert Peel, Alan Ray, Alaina Wong, Asha Chotai (Investment Banking) Sam Greatrex, Alan Geeves, James Waterlow, Paul Glover (Sales)
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+44 (0)20 7496 3000
|
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TB Cardew - Public relations advisor to the Company
Ed Orlebar Tania Wild
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+44 (0)20 7930 0777
+44 (0)7738 724 630 / +44 (0)7425 536 903 |