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BMO UK High Inc Tst   -  BHI   

Dividend and Capital Repayment

Released 15:29 30-Jan-2019

RNS Number : 5833O
BMO UK High Income Trust PLC
30 January 2019

To:                   RNS

From:              BMO UK High Income Trust PLC

Date:               30 January 2019

LEI:                  213800B7D5D7RVZZPV45



Dividend and Capital Repayment


The Board of BMO UK High Income Trust PLC announces a fourth quarter dividend of 1.29 pence per share on the Ordinary shares of the Company. This dividend will be paid on 3 May 2019 to Ordinary shareholders on the register on 5 April 2019. 


A fourth quarter capital repayment of 1.29 pence per share will be paid on the B shares of the Company on 3 May 2019 to B shareholders on the register on 5 April 2019.  Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share.  


This represents an increase of 3.2 per cent over the fourth quarter dividend / capital repayment paid in the prior year.


For the financial year to 31 March 2019, total dividends / capital repayments have increased by 3.3% to 5.04 pence per share (Financial year to 31 March 2018: 4.88 pence per share).


Based on these distributions, the dividend yield on an Ordinary share was 5.6 per cent based on the Ordinary share price of 90 pence as at 29 January 2019, and the distribution yield on a B share was 5.7 per cent based on the B share price of 89 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 4.4 per cent at the same date. For those shareholders that hold units (each comprising three Ordinary shares and one B share) the distribution yield on this unit holding was 5.8 per cent based on a unit price of 347 pence as at 29 January 2019.




Philip Webster, Fund Manager

BMO Investment Business Limited

Tel: 0207 628 8000






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Dividend and Capital Repayment - RNS