LONDON - Patria Private Equity Trust plc has announced an increase in its fourth interim dividend for the financial year ended September 30, 2024. Shareholders will receive a payment of 4.2 pence per ordinary share, a 5% increase from the previous year's corresponding dividend of 4.0 pence per share.
The upcoming dividend is scheduled to be paid on January 24, 2025, to all shareholders registered as of December 13, 2024. The ex-dividend date is set for December 12, 2024. This fourth interim dividend brings the total annual dividend to 16.8 pence per ordinary share, up from the previous year's total of 16.0 pence per share. As of November 25, 2024, the dividend yield, based on the share price, stands at 3.1%.
The company also offers a Dividend Reinvestment Plan (DRIP), managed by Equiniti Financial Services Limited. This plan allows shareholders the option to reinvest their dividends into additional ordinary shares of the company. Those interested in participating in the DRIP for the January 24 dividend must submit their election by January 3, 2025.
The DRIP is designed to provide shareholders with a convenient way to increase their investment in the company without incurring the usual costs associated with purchasing shares on the open market. Details of the DRIP, including terms, conditions, and associated costs, are available through the company's website.
Shareholders looking to enroll in the DRIP for the first time should ensure their mandate forms or CREST instructions are submitted to the company's registrars, Equiniti Limited, by the January 3 deadline. Online applications are accepted, and mandate forms can be downloaded from the company's DRIP information page.
This dividend announcement is based on a press release statement from Patria Private Equity Trust plc.
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