Octopus Renewables Infrastructure Trust plc is pleased to declare an interim dividend in respect of the period from 1 July 2023 to 30 September 2023 of 1.45 pence per ordinary share, payable on 1 December 2023 to shareholders on the register at 17 November 2023 (the “Q3 2023 Dividend”). The ex-dividend date will be 16 November 2023.
A portion of Octopus Renewables Infrastructure Trust’s dividend is designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q3 2023 Dividend is 56.8%.
The Q3 2023 Dividend is in line with the Company’s dividend target for the financial year from 1 January 2023 to 31 December 2023 of 5.79 pence per ordinary share*. The Company has a progressive dividend policy and the target dividend for FY 2023 represents an increase over FY 2022 of 10.5% in line with December 2022 CPI.
*The dividend target stated in this announcement is a target only and not a profit forecast. There can be no assurance that this target will be met, or that the Company will make any distributions at all and it should not be taken as an indication of the Company’s expected future results. The Company’s actual returns will depend upon a number of factors, including but not limited to the Company’s net income and level of ongoing charges. Accordingly, potential investors should not place any reliance on this target and should decide for themselves whether or not the target dividend is reasonable or achievable. Investors should note that references in this announcement to “dividends” and “distributions” are intended to cover both dividend income and income which is designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts.
Octopus Renewables Infrastructure Trust is a premium-listed, closed-ended investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia.
