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DORE dividend declaration and increased dividend target
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Downing
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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 2021*.
*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.
Important notice: This document is intended for retail investors and their advisers and is for information purposes only. It does not form part of a direct offer or invitation to purchase, subscribe for or dispose of securities and no reliance should be placed on it. Downing does not offer investment or tax advice or make recommendations regarding investments.
Downing LLP is authorised and regulated by the Financial Conduct Authority (FRN: 545025). Registered in England and Wales (No. OC341575). Registered Office: 6th Floor, St Magnus House, 3 Lower Thames Street, London EC3R 6HD.
