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RIT Capital Partners

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.

Dividend Policy

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.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 3.1p
2007 3.1p 0%
2008 4.0p 29.0%
2009 7.5p 87.5%
2010 4.0p (46.7%)
2011 4.0p 0%
2012 28.0p 600.0%
2013 28.0p 0%
2014 29.4p 5.0%
2015 30.0p 2.0%
2016 31.0p 3.3%
2017 32.0p 3.2%
2018 Login required
2019 Login required
2020 Login required

Dividends

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
Login Login 2019 Interim Semiannually Forecast Login
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Recent news articles

Investment Tools Limited

RIT Capital Partners plc today publishes an update of its net asset value, together with results for the nine months ending 31 December 2012.

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RIT Capital Partners optimized dividend - 12 month history

Optimized dividend graph demo

RIT Capital Partners share price - 12 month history

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