2023 full year dividend expected to increase by 4.9% to 32.0 pence per Ordinary Share (2022: 30.5 pence per Ordinary Share).
Proposed 2023 dividend is fully covered by retained profits earned this year with no requirement to call upon historical reserves.
·Dividend yield of 4.1% (based on closing share price of 778 pence on 23 February 2024), proposed Q4 dividend of 9.125 pence per Ordinary Share.
·7.9% CAGR in dividends over last ten years, reflecting strong IPS cashflow and good portfolio performance.
