The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Fourth Interim Dividend

30 Sep 2021 07:00

RNS Number : 4391N
Aberdeen Latin American Inc Fd Ltd
30 September 2021
 

Aberdeen Latin American Income Fund Limited (the "Company")

Legal Entity Identifier (LEI): 549300DN623WEGE2MY04

 

30 September 2021

 

Fourth Interim Dividend

The Board is pleased to declare a fourth interim dividend of 0.875 pence per Ordinary share (2020: 0.875p) in respect of the year ending 31 August 2021 payable on 29 October 2021 to Ordinary shareholders on the register at close of business on 8 October 2021 (ex-dividend date 7 October 2021).

Despite the continued weakness of Latin American currencies against Sterling as a result of the Covid-19 pandemic, which have continued to have economic effects on the Company's equity investments in the form of pared back distributions, the Board has, supplemented by revenue reserves, maintained the level of the Company's dividend.

The Directors have reviewed revenue forecasts for the financial year to 31 August 2022 and, as previously advised, believe that, if the volatility experienced in the region continues and currencies remain weak, it is likely that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. The Directors continue to review closely the strength of the Company's investments and its balance sheet and to monitor closely the impact of Covid-19 and associated vaccine rollouts, together with the ramifications for the region, valuations and recurring earnings, while balancing the income requirements of its shareholders, and will continue to keep its distribution policy under close review.

abrdn Capital International Limited

(Previously known as Aberdeen Standard Capital International Limited)

Manager and Company Secretary

 

End

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DIVGZGZLVLMGMZM

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.