REG - Octopus Renewables - Dividend Declaration

Octopus Renewables Infrastructure TrustAnnouncement

07/05/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250507:nRSG5681Ha&default-theme=true

RNS Number : 5681H  Octopus Renewables Infra Trust PLC  07 May 2025

7 May 2025

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

 

Dividend Declaration

 

 

 

The Board of Octopus Renewables Infrastructure Trust plc is pleased to declare
an interim dividend in respect of the period from 1 January 2025 to 31 March
2025 of 1.54 pence per ordinary share, payable on 30 May 2025 to shareholders
on the register at 16 May 2025 (the "Q1 2025 Dividend"). The Q1 2025 declared
payment is in line with the Company's dividend target for the financial year
from 1 January 2025 to 31 December 2025 ("FY 2025") of 6.17 pence per
Ordinary Share*. The ex-dividend date will be 15 May 2025.

 

A portion of the Company's dividend is designated as an interest distribution
for UK tax purposes. The interest streaming percentage for the Q1 2025
Dividend is 53.9%.

 

The Company has a progressive dividend policy and the dividend target for FY
2025 represents an increase of 2.5% over FY 2024's dividend, in line with the
increase to the Consumer Price Index (CPI) for the 12 months to 31 December
2024. This marks the fourth consecutive year the Company has increased its
target in line with inflation.

 

 

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                   Via Burson Buchanan or orit@octopusenergygeneration.com

                                                                (mailto:orit@octopusenergygeneration.com)
 Chris Gaydon, David Bird

 Peel Hunt (Broker)                                               020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

 Burson Buchanan (Financial PR)                                   020 7466 5000

 Charles Ryland, Nick Croysdill, Verity Parker

 Apex Listed Companies Services (UK) Limited (Company Secretary)  020 3327 9720

 

*The dividend target stated in this announcement is a target only and not a
profit forecast. There can be no assurance that this target will be met, or
that the Company will make any distributions at all and it should not be taken
as an indication of the Company's expected future results. The Company's
actual returns will depend upon a number of factors, including but not limited
to the Company's net income and level of ongoing charges. Accordingly,
potential investors should not place any reliance on this target and should
decide for themselves whether or not the target dividend is reasonable or
achievable. Investors should note that references in this announcement to
"dividends" and "distributions" are intended to cover both dividend income and
income which is designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to investment
trusts.

 

 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust ("ORIT") is a London-listed,
closed-ended investment company incorporated in England and Wales focused on
providing investors with an attractive and sustainable level of income
returns, with an element of capital growth, by investing in a diversified
portfolio of renewable energy assets in Europe and Australia. As an impact
fund, ORIT is helping accelerate the transition to net zero by investing in
green energy, whilst also contributing to a broader set of UN Sustainable
Development Goals through its impact initiatives. ORIT's investment manager is
Octopus Energy Generation.

 

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com/)

 

 

About Octopus Energy Generation

 

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its specialist renewable energy fund management
team invests in renewable energy assets and broader projects helping the
energy transition, across operational, construction and development stages.
The team was set up in 2010 based on the belief that investors can play a
vital role in accelerating the shift to a future powered by renewable energy.
It has a 14-year track record with approximately £6.8 billion of assets under
management (AUM) (as of 31 December 2024) across 18 countries and total 4.5GW.
These renewable projects generate enough green energy to power 2.6 million
homes every year, the equivalent of taking over 1.4 million petrol cars off
the road. Octopus Energy Generation is the trading name of Octopus Renewables
Limited.

 

Further details can be found at www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com/)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVUPURWAUPAGQQ