On Thursday, Northern Venture Trust PLC announced its decision to declare an interim dividend of 1.6 pence per ordinary share for the year ending March 31, 2025. Shareholders on the register as of December 20, 2024, will be eligible for the dividend, which is set to be distributed on January 22, 2025.
The ex-dividend date, which is the cutoff for new investors to receive the upcoming dividend, has been set for December 19, 2024. This date is crucial for shareholders and potential investors, as ownership of the shares must be settled before this date to qualify for the dividend payment.
In addition to the dividend announcement, the Company has highlighted the ongoing operation of its dividend investment scheme. This scheme offers a cost-effective way for shareholders to reinvest their dividends into new ordinary shares. One of the key benefits of this scheme is that it allows shareholders to obtain new shares without incurring dealing costs and to take advantage of the tax reliefs available on new Venture Capital Trust (VCT) share subscriptions.
For those interested in participating in the dividend investment scheme, Northern Venture Trust PLC has provided detailed information on its website. Shareholders can visit www.mercia.co.uk/vcts/nvt/ for guidance on how to join the scheme and to understand the associated benefits more thoroughly.
The Company's commitment to providing shareholder value through dividends and the option to reinvest them is a noteworthy aspect of its financial strategy. This interim dividend and the supportive scheme for reinvestment stand as testament to Northern Venture Trust PLC's ongoing efforts to enhance shareholder returns.
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