SIT press releases

Home | News | SIT press releases | Press release archive

30 January 2004

THE SCOTTISH INVESTMENT TRUST PLC
Interim dividend declaration

The board of The Scottish Investment Trust PLC has today declared an interim dividend of 3.90p per ordinary stock unit (2003 2.60p) in respect of the year to 31 October 2004. The dividend will be paid on 31 March 2004 to stockholders registered at the close of business on 27 February 2004 and will absorb £8,163,000 (2003 £5,468,000).

The interim dividend has been increased to reduce the disparity with the final and the board anticipates that the full year's dividend will be not less than the total of 7.80p paid last year.

After 5 April this year the ability of charities and PEP & ISA holders to reclaim tax on UK company dividends will come to an end. The interim dividend for the current year is being paid on 31 March 2004 in order that these investors may make a final reclaim. The final dividend will be declared in November 2004 and paid in February 2005. The board expects to revert to the interim dividend timetable of previous years and pay the 2004/5 interim in July 2005.