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.

Year Dividend Property Income Distribution Ordinary Distribution Total Ex-Div Date Payment Date
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)
2019 Interim 1.30p 3.45p 4.75p 05/12/2019 27/12/2019
Financial Year Dividends Ex-div date Payment date Amount
2019 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
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

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:

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU