RE: Q4 Divi maintained at 1.5p, so 7.5p for the year to 31 March 202421 Jun 2024 10:36
Trotsky, not seen this banding of NAV anywhere but it looks to be equivalent to 7% of NAV which has been the dividend target since inception. The references I have seen do quote some rounding to be applied and would suggest that if 107 NAV was average for the whole year then I would expect 7.5 dividend to be paid as so close to the NAV banding boundary and also a dividend reduction would cause havoc. Anyway I hope and expect a much greater revenue this year and certainly next so NAV should be climbing higher for the next few years.