9 Jun 2022 14:49
To: RNS
From: BMO Managed Portfolio Trust PLC
Date: 9 June 2022
LEI: 213800ZA6TW45NM9YY31
Fourth Interim Dividend for the year ended 31 May 2022
BMO Managed Portfolio Trust PLC ('the Company') announces a fourth interim dividend in respect of the financial year to 31 May 2022 of 2.0 pence per Income share (2021: 2.0 pence per Income share).
This dividend is payable on 8 July 2022 to shareholders on the register on 17 June 2022, with an ex-dividend date of 16 June 2022.
The normal pattern for the Company is to pay four quarterly interim dividends per financial year. As previously announced, for the financial year to 31 May 2022, as a result of making the interim dividends of more equal amounts and the increase in each of the first three interim dividends, the fourth interim dividend was expected to be lower than last year. However, given the strength of the Company's income, the Board is pleased to maintain the rate for the fourth interim dividend with that paid in the prior year in July 2021.
For the full financial year to 31 May 2022, total dividends have increased by 7.3% to 6.65 pence per Income share (Financial year to 31 May 2021: 6.2 pence per Income share).
This annual dividend of 6.65 pence per Income share represents a dividend yield of 5.1% based on the Income share price at 31 May 2022 compared to the yield on the FTSE All-Share Index of 3.3% at the same date.
Financial year to 31 May 2023
In the absence of unforeseen circumstances, it is the Board's current intention to pay four quarterly interim dividends each of at least 1.67 pence per Income share and that the aggregate dividends for the financial year to 31 May 2023 will be at least 6.68 pence per Income share (2022: 6.65 pence per Income share).
For further information please contact:
Peter Hewitt, BMO Investment Business Limited 0131 718 1244
Ian Ridge, BMO Investment Business Limited 0131 718 1010