LONDON - Triple Point Venture VCT Plc, a Venture Capital Trust, announced today that its Board has decided to pay an interim dividend of 2 pence per share to its Venture Share Class Shareholders. The payment is scheduled for 17 March 2025. Shareholders who are on the company's register by the close of business on 28 February 2025 will be eligible for the dividend, with the ex-dividend date set for 27 February 2025.
The company also mentioned that the last date for Venture Share Class Shareholders to make elections concerning the Dividend Re-investment Scheme (DRIS) is 4 March 2025. Triple Point Venture VCT Plc will release further details about the DRIS in the near future.
Triple Point Venture VCT Plc was established in July 2010 with the objective of funding small and medium-sized enterprises. The Investment Manager for the Company is Triple Point Investment Management LLP.
The announcement of the interim dividend is a routine part of the company's operations and reflects its ongoing financial activities. Dividends are a way for companies to distribute a portion of their earnings to shareholders, and the decision to pay dividends can be influenced by a company's current financial health, its cash flow, and its future investment plans.
Investors in Venture Capital Trusts, such as Triple Point Venture VCT Plc, typically look for both dividend income and potential capital gains. The declaration of dividends is therefore an important aspect of the company's relationship with its investors.
It is worth noting that the information provided is based on a press release statement from the company and has not been independently verified. Shareholders and potential investors are advised to consider the full range of information available when making investment decisions.
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