(Alliance News) - Hipgnosis Songs Fund Ltd on Friday declared a 1.25 pence per share interim dividend.
Shares in Hipgnosis were up 1.3% at 117.50 pence in London in morning trading.
The music IP investment and song management company's dividend is for the period from April 1 to June 30 and has a payment date of July 31. The ex-dividend date is July 16.
On Thursday, Hipgnosis said it was planning to publish its annual results for its year ended March 31 on Friday. This has yet to take place.
Also on Thursday, Hipgnosis said it was planning a GBP200 million fundraising to aid further investment in its song portfolio.
Hipgnosis will look to place 200.0 million new C shares at 100 pence per share. Shares in Hipgnosis were trading marginally lower in London on Thursday morning at 115.98p each, giving it a market capitalisation of GBP714.3 million. It will also launch a retail placing of C shares on PrimaryBid.
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Hipgnosis Song. (SONG)
