CT UK High Income Trust Announces 1.35p Dividend Payment
CT UK High Income Trust Declares Quarterly Dividend
CT UK High Income Trust PLC recently declared its third-quarter dividend for the current financial year, which is set at 1.35 pence per ordinary share. This announcement marks a consistent commitment to providing value to shareholders and underlines the trust's focus on delivering reliable income. The dividend is earmarked for distribution on a specific date soon, ensuring that dedicated investors can count on these financial returns amidst ongoing market fluctuations.
Key Dates for Dividend Distribution
Shareholders can expect the dividend payment to be made on February 7, 2025. Those on record as of January 3, 2025, will be eligible to receive this payment. For investors looking to acquire shares, it is important to note that the shares will trade ex-dividend starting January 2, 2025. This designation means that new buyers won't receive the upcoming dividend, making it crucial for investors to time their purchases effectively.
Capital Repayment for B Shares
Alongside the ordinary share dividend, a similar capital repayment of 1.35 pence will be executed for B share investors. This payment is aligned with the ordinary share dividends, contributing to the overall transparency and consistency of disbursements from the trust. The 1.35 pence capital repayment also targets those recorded as B shareholders as of January 3, 2025, with the same ex-dividend date applicable.
Ongoing Dividend Strategy
CT UK High Income Trust has established a robust strategy of issuing four quarterly interim distributions throughout each financial year. With this latest announcement, the cumulative total for the first three quarters stands at 4.05 pence per share. Investors can appreciate the structured approach the trust adopts to maintain consistent returns over time.
Future Expectations and Projections
Looking ahead, CT UK High Income Trust PLC is projecting that total distributions for the financial year, concluding on March 31, 2025, will reach a minimum of 5.62 pence per share. This potential payout mirrors last year's aggregate distribution, reflecting the trust's commitment to delivering shareholder value, even in dynamic market environments. Such expectations may encourage both existing and prospective investors to consider their positions carefully within the trust.
Frequently Asked Questions
What is the dividend amount declared by CT UK High Income Trust?
The declared dividend amount for the third quarter is 1.35 pence per ordinary share.
When will the dividend be paid?
The dividend is scheduled to be paid on February 7, 2025, to eligible shareholders.
What is the total expected distribution for the financial year?
CT UK High Income Trust anticipates a total distribution of no less than 5.62 pence per share for the year ending March 31, 2025.
Are B shareholders receiving a payment?
Yes, B shareholders will also receive a capital repayment of 1.35 pence on the same date as the ordinary share dividend.
What is the ex-dividend date?
The ex-dividend date for the shares is set for January 2, 2025, meaning new buyers after this date will not receive the upcoming dividend.
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