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Pin to quick picksHipgnosis Song. Share News (SONG)

Share Price Information for Hipgnosis Song. (SONG)

London Stock Exchange
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Share Price: 121.80
Bid: 121.80
Ask: 122.00
Change: 0.00 (0.00%)
Spread: 0.20 (0.16%)
Open: 122.00
High: 122.60
Low: 121.80
Yest. Close: 121.80
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Hipgnosis Songs is an Investment Trust

To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.

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Hipgnosis Songs Fund Outlook Confident As Lifts Annual Dividend Target

Wed, 9th Sep 2020 09:52

(Alliance News) - Hipgnosis Songs Fund Ltd on Wednesday said it has invested 82% of the net proceeds from its C share fundraising in July.

As a result, the FTSE 250-listed investment company said it intends to convert the C shares into ordinary shares

Hipgnosis also announced an increase in its target dividend by 5.0% to 5.25 pence per share per year from 5.00p. The company said it will target the payment of four equal quarterly dividends of 1.3125p, commencing from the period from July 1 to the end of September, which is expected to be declared in October.

This reflects the company's, and the investment adviser's, confidence in the uncorrelated and reliable nature of songs' income during the global Covid-19 crisis as well as the growth in global recorded music revenue driven by streaming, Hipgnosis said.

"It's been a long summer focused on acquisitions and active management, but I'm delighted with our progress," said Founder Merck Mercuriadis.

Hipgnosis shares were trading flat in London on Wednesday at 122.00p each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

IN BRIEF: Hipgnosis Songs buys catalogue of producer Andrew Wotman

IN BRIEF: Hipgnosis Songs buys catalogue of producer Andrew Wotman

5 May 21 15:25

Hipgnosis snaps up catalogue of Grammy winning producer Andrew Wotman

(Sharecast News) - Intellectual property investment firm Hipgnosis Songs Fund has acquired a music catalogue from Andrew Wotman, the recently awarded 2021 Grammy winner for Producer Of The Year.

5 May 21 08:21

Hipgnosis Songs Fund raises cash for new investments

Hipgnosis Songs Fund raises cash for new investments

30 Apr 21 10:06

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

29 Apr 21 16:09

Hipgnosis Songs Fund converts to UK-resident investment trust

Hipgnosis Songs Fund converts to UK-resident investment trust

1 Apr 21 09:37

Hipgnosis Songs Fund buys catalogue of songwriter Carole Bayer Sager

Hipgnosis Songs Fund buys catalogue of songwriter Carole Bayer Sager

18 Mar 21 10:53

Hipgnosis buys Carole Bayer Sager catalogue

(Sharecast News) - Award-winning songwriter Carole Bayer Sager has become the latest musical artist to sell their song catalogue after a deal with Hipgnosis Songs Fund for an undisclosed sum.

18 Mar 21 07:29

Hipgnosis Songs Fund introduces new pro-forma annual revenue measure

Hipgnosis Songs Fund introduces new pro-forma annual revenue measure

16 Mar 21 11:53

David Crosby sells music catalogue to Iconic Artists Group

(Sharecast News) - David Crosby has become the latest major artist to sell his music and catalogue, as he blamed the inability to perform live during the Covid-19 pandemic.

4 Mar 21 09:45

EXECUTIVE CHANGES: Beazley CEO Departs For Australia; Hipgnosis hires

EXECUTIVE CHANGES: Beazley CEO Departs For Australia; Hipgnosis hires

3 Mar 21 16:27

Hipgnosis appoints industry veteran Richard Rowe as executive president

(Sharecast News) - Hipgnosis Songs Fund said on Wednesday that it has appointed music industry veteran and Round Hill Music co-founder Richard Rowe as executive president with immediate effect.

3 Mar 21 10:27

Hipgnosis Songs Fund Investee Reaches One Billion Spotify Streams

Hipgnosis Songs Fund Investee Reaches One Billion Spotify Streams

26 Feb 21 09:43

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

11 Feb 21 16:09

IN BRIEF: Hipgnosis Songs Fund Completes GBP75 Million Raising

IN BRIEF: Hipgnosis Songs Fund Completes GBP75 Million Raising

5 Feb 21 19:09

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

29 Jan 21 16:08

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