RIT Capital Partners (RCP)
Established in 1988, RIT Capital Partners is an investment trust, which seeks to achieve long-term capital growth by investing primarily in quoted securities.
Since the company became a listed investment trust in its present form in August 1988, its policy has been to deliver long-term capital growth and in this it has been successful - net assets have increased from £281 million to £1,920 million, a gain of over £1.6 billion. The company's main benchmark is the MSCI and an equivalent investment in this index would have shown gains of £580 million during this period. They have therefore outperformed their index by almost £1.1 billion. For an investor who has held the shares over this period, the share price has increased by approximately 15 times.
Additionally, dividends and buybacks of £254 million were returned to shareholders over this period. The greater part of the total gains have therefore been retained by the company so that it now enjoys a substantial permanent capital base. Shareholders may also be aware that, following changes in tax legislation, investment trust companies are now able to pay dividends from capital reserves. They decided it was timely to review our dividend policy and will be seeking shareholder approval to an appropriate change in our Articles to allow greater flexibility in paying such dividends. We will be recommending a dividend of 28 pence per share to be paid on 24 August 2012 to shareholders on the register at 15 June. This would bring their dividend yield more in line with their peer group. They expect to maintain or increase this level in the years ahead as long as this does not come into conflict with the company's primary objective of capital preservation and growth.
- Investment Trusts
- 🇬🇧 United Kingdom
- £20.65 yesterday's close
52 Week High2.65%04 April 2018
52 Week Low1.69%04 October 2018
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|10 Mar 2010||01 Apr 2010||2010||Final||Annually||Paid||4p|
|03 Aug 2011||19 Aug 2011||2011||Final||Annually||Paid||4p|
|13 Jun 2012||24 Aug 2012||2012||Final||Annually||Paid||28p|
|03 Apr 2013||26 Apr 2013||2013||Interim||Semiannually||Paid||14p|
|02 Oct 2013||18 Oct 2013||2013||Final||Semiannually||Paid||14p|
|02 Apr 2014||29 Apr 2014||2014||Interim||Semiannually||Paid||14.7p|
|01 Oct 2014||24 Oct 2014||2014||Final||Semiannually||Paid||14.7p|
|02 Apr 2015||29 Apr 2015||2015||Interim||Semiannually||Paid||15p|
|01 Oct 2015||23 Oct 2015||2015||Final||Semiannually||Paid||15p|
|07 Apr 2016||27 Apr 2016||2016||Interim||Semiannually||Paid||15.5p|
|06 Oct 2016||28 Oct 2016||2016||Final||Semiannually||Paid||15.5p|
|06 Apr 2017||28 Apr 2017||2017||Interim||Semiannually||Paid||16p|
|05 Oct 2017||31 Oct 2017||2017||Final||Semiannually||Paid||16p|
|05 Apr 2018||30 Apr 2018||2018||Interim||Semiannually||Paid||16.5p|
|04 Oct 2018||31 Oct 2018||2018||Final||Semiannually||Paid||16.5p|
RIT Capital Partners optimized dividend - 12 month history
RIT Capital Partners share price - 12 month history
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