Seneca Global Income & Growth Trust plc Declares Fourth Interim Dividend for the Year Ending April 30,2020, Payable on June 19, 2020, Provides Guidance for the Current or Next Financial Year's Quarterly Dividend Rate
April 07, 2020 at 02:00 am EDT
Seneca Global Income & Growth Trust plc declared a fourth interim dividend in respect of the year ending April 30, 2020 of 1.68 pence per Ordinary 25 pence share, which will be payable on June 19, 2020 to Ordinary shareholders on the register on May 29, 2020, with an ex-dividend date of May 28, 2020, in line with the company's normal quarterly dividend timetable. This fourth interim dividend brings the total dividend for the year ending April 30, 2020 to 6.72 pence per share (2019 - 6.60 pence), an increase of 1.8% over the previous year.
The company provided that the board has given an indication of what the current or next financial year's quarterly dividend rate will be typically no less than the one announced but always caveated with the phrase barring unforeseen circumstances. The Covid-19 pandemic certainly qualifies as unforeseen circumstances.