Octopus Renewables Infra Trust PLC Announces Dividend Declaration
Source: www.gulfoilandgas.com 5/7/2025, Location: Europe
The Board of Octopus Renewables Infrastructure Trust plc is pleased to declare an interim dividend in respect of the period from 1 January 2025 to 31 March 2025 of 1.54 pence per ordinary share, payable on 30 May 2025 to shareholders on the register at 16 May 2025 (the "Q1 2025 Dividend"). The Q1 2025 declared payment is in line with the Company's dividend target for the financial year from 1 January 2025 to 31 December 2025 ("FY 2025") of 6.17 pence per Ordinary Share*. The ex-dividend date will be 15 May 2025.
A portion of the Company's dividend is designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q1 2025 Dividend is 53.9%.
The Company has a progressive dividend policy and the dividend target for FY 2025 represents an increase of 2.5% over FY 2024's dividend, in line with the increase to the Consumer Price Index (CPI) for the 12 months to 31 December 2024. This marks the fourth consecutive year the Company has increased its target in line with inflation.
