The Company announces the payment of the third 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 25 October 2024 to all shareholders on the register on 20 September 2024. The ex- dividend date is 19 September 2024.

In the absence of unforeseen circumstances, it is the Board’s intention that the fourth interim dividend, payable in January 2025, will also be 4.2 pence per Ordinary Share making a total dividend payment for the year ending 30 September 2024 of 16.8 pence per ordinary share.

Based on the share price at 10 September 2024, this would represent a 3.2% dividend yield and is an overall increase of 5% on the total dividend payment for the financial year ended 30 September 2023 of 16.0 pence per ordinary share.

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 4 October 2024.

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