On 25 July 2023 City of London announced a final dividend for the year ending 30 June 2023 of 22 pence per share, and that would also give the option for shareholders to elect to receive dividends in USD at an exchange rate to be announced two weeks before the dividend payment date. The USD amount payable in respect of the final dividend has been determined with reference to the closing market exchange rate on 12 October 2023, resulting in an applicable exchange rate of £1:USD 1.2175. Accordingly, the USD amount payable to shareholders in relation to the final dividend will be 26.8 cents per share.

The final dividend of 22 pence per share, subject to approval at the AGM on 23 October 2023, will be paid on 27 October 2023, bringing the total dividend for the financial year 2022-23 to 33.0 pence (2021-22: 46.5 pence including the special dividend of 13.5 pence paid in March 2022).