RE: RNS. reveiwing my holding25 Jan 2017 10:16
There's no scam. You received an interim dividend of 1p, and a payment is made each quarter. LAst year it was 1.5p twice and 1p twice making a total annual payment of 5p. So if your BRCI shares cost 50p for example, that would give you a very generous 10% dividend. You live, trade and learn!
From their interim results published in July 2016:
"The Board now intends to target a first and second quarterly interim dividend of 1.50 pence, followed by third and fourth quarterly interim dividend payments of 1.00 pence, making a total of 5.00 pence per ordinary share for the year as a whole1 (2015: target of 6.00 pence). The Board intends to use revenue reserves to support this target if portfolio income alone is insufficient. Thereafter, the Board’s intention is to maintain the quarterly dividend and grow this as market conditions allow.