Last checked at 
25 May 2022 15:30
The Law Debenture Corporation p.l.c.
First Interim Dividend Announcement - Board increases dividend by 5.5%
· Declaring a first interim dividend of 7.25 pence per ordinary share payable in July 2022, representing an increase of 5.5% over the prior year's first interim dividend.
· It is the Board's intention for each of the first three interim dividends for 2022 to be equivalent to a quarter of Law Debenture's total 2021 dividend of 29.0 pence per ordinary share.
The combination of IPS' steady income and our strong reserves allows Law Debenture to continue its 44-year track record of maintaining or increasing its dividend payments.
This dividend will be paid on 7 July 2022 to shareholders on the register at close of business on 6 June 2022. The Corporation's shares will go ex-dividend on 1 June 2022.
Law Debenture Corporate Services Limited
Corporate Secretary
25 May 2022
Contact:
Tulchan Communications
David Allchurch, Deborah Roney
Lawdebenture@tulchangroup.com
+44 (0)777 193 7173
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 100% and outperformed its benchmark and the FTSE Actuaries All-Share Index by 126.3%1.
Our leading independent professional services business accounts for 18% of Law Debenture's NAV but has funded 36% 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 2021.