Dividends

Dividend Information

With effect from 1 August 2019 Palace Capital converted to a Real Estate Investment Trust (REIT). As a REIT the Company must follow certain rules relating to the distributions it makes to shareholders, and how those distributions are taxed. 90% of the tax-exempt profit from Palace Capital’s property rental business has to be distributed to shareholders. This is known as a Property Income Distribution, or ‘PID’. Palace Capital can also distribute taxed income from its other activities, known as a Non-Property Income Distribution, or ‘non-PID’.shorter

Dividends are paid on a quarterly basis in April, July, October and December. Dividends may be paid as Property Income Distribution (‘PID’), Non-Property Income Distribution (‘non-PID’) or a mixture of the two.

The Company paid its first PID Dividend in December 2019 in relation to the quarter ending 30 September 2019. All dividends paid in respect of periods ending before 1 August 2019 will be ordinary dividends not subject to the REIT regime.

Dividend Results
Archive

Financial Year	Dividend	Property Income Distribution	Ordinary Distribution	Total	Ex-Div Date	Payment Date
2024	Final Proposed	1.35p	2.40p	3.75p	25/07/2024	25/08/2024
2024	Interim	0.5p	3.25p	3.75p	21/03/2024	19/04/2024
2024	Interim	3.75p	-	3.75p	23/11/2023	29/12/2023
2024	Interim	3.75p	-	3.75p	21/09/2023	13/10/2023
2023	Final	3.75p	-	3.75p	06/07/2023	04/08/2023
2023	Interim	3.75p	-	3.75p	23/03/2023	14/04/2023
2023	Interim	3.75p	-	3.75p	22/12/2022	13/01/2023
2023	Interim	3.75p	-	3.75p	22/09/2022	14/10/2022
2022	Final	3.75p	-	3.75p	30/06/2022	05/08/2022
2022	Interim	3.25p	-	3.25p	24/03/2022	14/04/2022
2022	Interim	3.25p	-	3.25p	09/12/2021	31/12/2021
2022	Interim	3.00p		3.00p	24/09/2021	15/10/2021
2021	Final	3.00p	-	3.00p	01/07/2021	05/08/2021
2021	Interim	2.50p	-	2.50p	18/03/2021	09/04/2021
2021	Interim	2.50p	-	2.50p	10/12/2020	31/12/2020
2021	Interim	2.50p	-	2.50p	24/09/2020	16/10/2020
2020	Final	2.50p	-	2.50p	23/07/2020	14/08/2020
2020	Interim	2.50p	2.25p	4.75p	19/03/2020	09/04/2020 (cancelled)
2020	Interim	1.30p	3.45p	4.75p	05/12/2019	27/12/2019

Financial Year	Dividends	Ex-div date	Payment date	Amount
2020	Interim dividend	26/09/2019	18/10/2019	4.75p per share
2019	Final dividend	13/06/2019	12/07/2019	4.75p per share
2019	Interim dividend	21/03/2019	12/04/2019	4.75p per share
2019	Interim dividend	06/12/2018	28/12/2018	4.75p per share
2019	Interim dividend	04/10/2018	19/10/2018	4.75p per share

There are implications for the taxation of dividends and if you qualify to receive your dividend gross of withholding tax, you should complete one of the forms below depending on whether or not you are the beneficial owner of your shareholding or an intermediary.

The completed form should be sent to the Company’s Registrar:

Equiniti Limited
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

Beneficial Owner declaration form

Intermediary declaration form

More information on REITs, dividends and tax

Our share registrar, EQ, has launched a brand-new service EQ Boost. EQ Boost is an exciting and alternative way of receiving your dividend value where you can use your dividend cash value to purchase uplifted retail vouchers from a wide range of renowned UK retailers. You will be able to choose EQ Boost through a simple registration/election process within your Equiniti Shareview Portfolio via the link below. Once you have elected for EQ Boost, on the company’s next dividend payment, you will be notified that your money is available for you to purchase e-vouchers direct to your phone/tablet. It is that simple. Visit www.shareview.co.uk/Clients/EQBoost to start the journey to boost your dividend payments.

Financial Year	Dividends	Ex-div date	Payment date	Amount
2018	Final dividend	05/07/2018	31/07/2018	4.75p per share
2018	Interim dividend	22/03/2018	13/04/2018	4.75p per share
2018	Interim dividend	07/12/2017	29/12/2017	9.5p per share
2017	Final dividend	06/07/2017	28/07/2017	9.5p per share
2017	Interim dividend	08/12/2016	30/12/2016	9.0p per share
2016	Final dividend	07/07/2016	29/07/2016	9.0p per share
2016	Interim dividend	10/12/2015	30/12/2015	7.0p per share
2015	Final dividend	09/07/2015	31/07/2015	7.0p per share
2015	Interim dividend	04/12/2014	30/12/2014	6.0p per share
2014	Final dividend	09/07/2014	31/07/2014	2.5p per share
2014	Interim dividend	02/04/2014	07/05/2014	2.0p per share

Dividend Information

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