Invesco Select Trust Plc - Dividend Declaration
14 July 2023 - 2:42AM
PR Newswire (US)
Invesco
Select Trust plc
LEI:
549300JZQ39WJPD7U596
Headline:
Declaration
of Quarterly Interim Dividends and Special
Dividend
The
Directors have declared first quarterly interim dividends and a
special dividend for the year ending 31 May
2024 as follows.
These
dividends are payable on 15 August
2023 to shareholders on the register on 21 July 2023.
The shares
will be marked ex-dividend on 20 July
2023.
Share
Class
|
First
Quarterly Interim Dividend Amount per Share
|
Special
Dividend Amount per Share
|
UK Equity
Shares
|
1.60p
|
-
|
Global
Equity Income Shares
|
1.60p
|
-
|
Balanced
Risk Allocation Shares
|
1.00p
|
2.00p
|
Managed
Liquidity Shares
|
1.00p
|
-
|
These
dividends each represent an increase of 0.10p and 0.05p per share
respectively over the first interim dividends for the UK Equity and
Global Equity Income Shares paid for the year ending 31 May 2023.
In
expectation of higher levels of income being received by the
Balanced Risk Allocation Portfolio, due to the current interest
rate environment, the Directors have declared a special dividend of
2.00p per share, in addition to an interim dividend of 1.00p per
share, making a total dividend of 3.00p per share payable for the
Balanced Risk Allocation Shares.
Dividend Policy
For the
year ending 31 May 2024, the Board
will target at least maintaining the dividend level from year to
year for each of the UK Equity and Global Equity Income
Shares.
Depending
on the level of income received in the relevant quarters, the
quarterly dividends for each share class may be enhanced with
contributions from capital.
Typically,
the first three interim dividends will be equal in size with a
final fourth interim dividend that has the potential to be
increased. The Directors only intend to declare dividends on the
Balanced Risk Allocation Shares and Managed Liquidity Shares
annually when the level of income allows and having taken into
account the dividends paid on the other Share classes.
Invesco
Asset Management Limited
Corporate
Company Secretary
13 July 2023
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