Dividends & buybacks

ICG Enterprise Trust (ICGT) returns capital to shareholders through a combination of dividends and share buybacks.

ICGT is able to realise (sell or exit) investments in businesses within its portfolio without liability to corporation tax on gains.

This tax status limits the income ICGT can retain to 15% of its income in any accounting period. Any income beyond this level is either declared as dividends or used to fund share buybacks.

The Board reviews the dividend and buyback policy regularly, and more information on our approach to capital allocation can be found within our Annual Report.

As an investment trust listed on the London Stock Exchange, ICG Enterprise Trust (ICGT) has an advantageous tax status aimed at encouraging savings and investments.

Shareholder returns

Based on dividends declared or proposed for Q1 FY25 - Q4 FY25 inclusive.
Share buybacks represents the six months to 31 July 2024.

Dividends

35p per Share
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Long-term share buyback programme

£11m
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Opportunistic share buyback programme

£10m
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Dividend history

ICG Enterprise Trust is committed to dividends growing progressively, subject to sufficient distributable reserves.


Since 2018 has been paying dividends quarterly. Dividends paid to ICG Enterprise Trust’s investors are detailed in a table below:
Description Dividend for
period per share
Ex-dividend date Payment date Type Total annual
dividend per share

FY25

Quarterly dividend - 3 months to 31 July 2024 8.5p 14 Nov 2024 29 Nov 2024 Dividend
Quarterly dividend - 3 months to 30 Apr 2024 8.5p 15 Aug 2024 30 Aug 2024 Dividend

FY24

Quarterly dividend - 3 months to 31 Jan 2024 9.0p 4 Jul 2024 19 Jul 2024 Dividend 33.0p
Quarterly dividend - 3 months to 31 Oct 2023 8.0p 15 Feb 2024 1 Mar 2024 Dividend
Quarterly dividend - 3 months to 31 Jul 2023 8.0p 16 Nov 2023 1 Dec 2023 Dividend
Quarterly dividend - 3 months to 30 Apr 2023 8.0p 17 Aug 2023 1 Sep 2023 Dividend

FY23

Quarterly dividend - 3 months to 31 Jan 2023 9.0p 6 Jul 2023 21 Jul 2023 Dividend 30.0p
Quarterly dividend - 3 months to 31 Oct 2022 7.0p 16 Feb 2023 3 Mar 2023 Dividend
Quarterly dividend - 3 months to 31 Jul 2022 7.0p 17 Nov 2022 2 Dec 2022 Dividend
Quarterly dividend - 3 months to 30 Apr 2022 7.0p 7 Jul 2022 22 Jul 2022 Dividend

FY22

Quarterly dividend - 3 months to 31 Jan 2022 9.0p 7 Jul 2022 22 Jul 2022 Dividend 27.0p
Quarterly dividend - 3 months to 31 Oct 2021 6.0p 10 Feb 2022 4 Mar 2022 Dividend
Quarterly dividend - 3 months to 31 Jul 2021 6.0p 11 Nov 2021 3 Dec 2021 Dividend
Quarterly dividend - 3 months to 30 Apr 2021 6.0p 12 Aug 2021 3 Sep 2021 Dividend

FY21

Quarterly dividend - 3 months to 31 Jan 2021 9.0p Dividend 24.0p
Quarterly dividend - 3 months to 31 Oct 2020 5.0p Dividend
Quarterly dividend - 3 months to 31 Jul 2020 5.0p Dividend
Quarterly dividend - 3 months to 30 Apr 2020 5.0p Dividend

FY20

Quarterly dividend - 3 months to 31 Jan 2020 8.0p Dividend 23.0p
Quarterly dividend - 3 months to 31 Oct 2019 5.0p Dividend
Quarterly dividend - 3 months to 31 Jul 2019 5.0p Dividend
Quarterly dividend - 3 months to 30 Apr 2019 5.0p Dividend

FY19

Quarterly dividend - 3 months to 31 Jan 2019 7.0p Dividend 22.0p
Quarterly dividend - 3 months to 31 Oct 2018 5.0p Dividend
Quarterly dividend - 3 months to 31 Jul 2018 5.0p Dividend
Quarterly dividend - 3 months to 30 Apr 2018 5.0p Dividend
Annual dividend - year to 31 Jan 2018 Dividend 21.0p
Annual dividend - year to 31 Jan 2017 Dividend 20.0p
Annual dividend - year to 31 Jan 2016 Dividend 11.0p
Annual dividend - year to 31 Jan 2015 Dividend (10.0p);
Special dividend (5.5p)
15.5p
Annual dividend - year to 31 Jan 2014 Dividend (7.5p);
Special dividend (8.0p)
15.5p
Annual dividend - year to 31 Jan 2013 Dividend 5.0p
Annual dividend - year to 31 Jan 2012 Dividend 5.0p
Annual dividend - year to 31 Jan 2011 Dividend 2.25p
Annual dividend - year to 31 Dec 2009 Dividend 2.25p
Annual dividend - year to 31 Dec 2008 Dividend 4.5p

Share buybacks

Since October 2022 ICGT has had a long-term share buyback policy in place.


In addition, in May 2024 an opportunistic buyback programme was launched.


To view each share buyback announcement, please enter ‘Transaction in own shares’ in the ‘Search’ field within the Regulatory News Service (RNS) module below: