During the year, Foresight paid a final dividend of 1.89 pence per share in June 2024 (£12.5 million) in respect of the quarter to 31 March 2024.
Interim dividends of 1.95 pence per share were paid in September 2024 (£12.9 million) in respect of the quarter to 30 June 2024, of 1.95 pence per share in December 2024 (£12.7 million) in respect of the quarter to 30 September 2024, and of 1.95 pence per share in March 2025 (£12.5 million) in respect of the quarter to 31 December 2024. On 29 May 2025, the Company declared a final dividend of 1.95 pence per share in respect of the quarter ended 31 March 2025 (£12.3 million), which is payable on 27 June 2025.
The target dividend for the year to 31 March 2026 is 7.96 pence per share, a 2.1% increase from the dividend of 7.8 pence per share declared in respect of the year to 31 March 2025.
Other financial highlights:
- £88.6m raised from sale of 10% of the portfolio
- 28.7% gearing, one of the lowest across the peer group
- £30m share buyback programme underway (extended by £10m in March 2025 from £20m); of which £24.3 million returned to shareholders to date
- NAV per share of 106.5 pence following payment of dividends to shareholders in line with targets
- Flat NAV Total Return of 0.6% in the period
- Annualised NAV total return of 7.3% since IPO
- FY26 dividend target increased to 7.96 pence
- Dividend target represents yield of 10.0% on the closing share price at 23 June 2025
