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.

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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

Dividend per Share represents the sum of declared dividends for Q3 FY23 – Q2 FY24 (inclusive)
Share buybacks represents Last 12 months (LTM) to 30 September 2023

Dividends

32p per Share

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Share Buybacks

£10.6m

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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
FY24
Quarterly dividend - 3 months to 31 July 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				Interest payment (6.0p); Dividend (5.0p)	11.0p
Annual dividend - year to 31 Jan 2015				Dividend	15.5p
Annual dividend - year to 31 Jan 2014				Dividend	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.

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

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Investors

Helping you make the most of your investments in ICG Enterprise Trust

Shareholder resources

Resources for ICG Enterprise Trust investors

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How to invest

ICG Enterprise is listed on the London Stock Exchange (ICGT.LN) and its shares can be bought and sold just as those of any other listed company

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