CTY Dividend declaration

[lansdown]

RNS Number : 6916H
City of London Investment Trust PLC
07 April 2022

JANUS HENDERSON FUND MANAGEMENT UK LIMITED



THE CITY OF LONDON INVESTMENT TRUST PLC



LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55



7 April 2022





THE CITY OF LONDON INVESTMENT TRUST PLC



Dividend on Ordinary Shares



The Board of The City of London Investment Trust plc announces that:



A third interim dividend of 5.00p per ordinary share of 25p, in respect of the year ending 30 June 2022, will be paid on 31 May 2022 to holders registered at the close of business on 29 April 2022. The Company's shares will go ex-dividend on 28 April 2022.



The Board intends to declare a fourth interim dividend of 5.00p per share for the year to 30 June 2022. The fourth interim dividend will be declared in July 2022. This would make a total dividend for the year to 30 June 2022 of 19.60p per share, an increase of 2.6% on the previous year and the Company's 56th consecutive annual increase. The 19.60p dividend for the year to 30 June 2022 is expected, based on our current projections for the revenue account, to be fully covered by earnings with a surplus carried to the revenue reserve.

[88V8]

....an increase of 2.6% on the previous year and the Company's 56th consecutive annual increase.

2.6%, well an increase is an increase, but I'm afraid we're in for a year or three of these sub-inflation increases from this and other income ITs.

V8

[moorfield]

....an increase of 2.6% on the previous year and the Company's 56th consecutive annual increase.

2.6%, well an increase is an increase, but I'm afraid we're in for a year or three of these sub-inflation increases from this and other income ITs.

V8

Well look on the bright side, it's not a decrease for the 56th year running (HYPsters take note).

[JuanDB]

Dividend was due 31st May. I hold CTY in my Barclays ISA and it has not yet been paid. Have any other holders received their payment yet?

Cheers,

Juan

[mike]

Dividend was due 31st May. I hold CTY in my Barclays ISA and it has not yet been paid. Have any other holders received their payment yet?

Cheers,

Juan

Received mine on 31 May, both in Fidelity and iWeb.

[BigB]

Dividend was due 31st May. I hold CTY in my Barclays ISA and it has not yet been paid. Have any other holders received their payment yet?

Cheers,

Juan

Received in Iweb 31/5, not received in Barclays yet.

[Itsallaguess]

Dividend was due 31st May. I hold CTY in my Barclays ISA and it has not yet been paid. Have any other holders received their payment yet?

Received mine on 31 May, both in Fidelity and iWeb.

Mine was paid on the 31st of May as well, into my Interactive Investor ISA.

The odd dividend delay isn't too uncommon, and with the bank holidays we've just had, I would give Barclays a couple more working days for it to appear on it's own before spending any time actively pursuing it...

I bet it's there by Wednesday night...

Cheers,

Itsallaguess

[JuanDB]

Thanks all. As IAAG said, sounds like a delay at Barclays who are usually pretty effective / timely at applying dividends in my experience. I’ll give them a nudge later in the week if there is still no sign.

[niord]

Interesting that some iweb divis have been paid, I am still awaiting mine from iweb, It seems pretty normal for my iweb account dividends to be a couple of days after the due date.

[JuanDB]

Still no dividend in Barclays. They have the cash but yet to process. No confirmation on when they will pay out but “imagine it would be this week”.

Delightfully vague!