The Company announces the payment of the fourth interim dividend in respect of the year ended 30 September 2024 of 4.2 pence per ordinary share (2023: 4.0 pence per ordinary share).

The dividend will be paid on 24 January 2025 to all shareholders on the register on 13 December 2024. The ex- dividend date is 12 December 2024.

The payment of the fourth interim dividend brings the total dividend for the financial year to 16.8 pence per ordinary share (2023: 16.0 pence per ordinary share). This is an overall increase of 5% on the Company’s total dividend payment for the previous financial year and, based on the share price on 25 November 2024, represents a 3.1% dividend yield.

Dividend Reinvestment Plan (“DRIP”)

The Company has in place a DRIP, provided by Equiniti Financial Services Limited, which allows shareholders to use their dividends to purchase further ordinary shares in the Company. The last election date to participate in the DRIP is 3 January 2025.

News in full

Below is an interview with Alan Gauld, a Senior Investment Director at the Trust, who provides an overview of PPET’s investment strategy and objectives