International Public Partnerships Limited Declares Dividend for the Period from 1 July 2023 to 31 December 2023, Payable on 13 June 2024; Provides Dividend Guidance for the Full Year 2024 and 2025
The company provided dividend guidance for the year 2024 and 2025. The Board has decided to increase the 2024 dividend target to 8.37 pence per share reflecting growth of 3% (previously 2.5%) compared to the 2023 dividend. The increase in the target dividend for 2024 takes into account the Company's ambitions to sustainably grow dividends over the long term, whilst providing full dividend cash coverage from net operating cash flow before capital activity.
Beyond 2024, the Board is forecasting to continue its long-term projected annual dividend growth rate of 2.5% such that the 2025 dividend target is 8.58 pence per share.