International PPL declares interim dividend of 3.5p per share

6th Sep 2018 08:56

(Sharecast News) - Infrastructure investment company International Public Partnerships declared a fresh dividend on Thursday, of 3.5p per share for the period from 1 January to 30 June.The FTSE 250 firm said that first half distribution would in line with the target the board had previously outlined, and as per previous periods, would be entirely funded through operating cash flow from the underlying projects.Its board reaffirmed that it had established a minimum target for 2018 and 2019 distributions of 7.00p and 7.18p per share respectively, providing additional guidance to investors as to the company's future intentions."The targeted payments would represent a minimum 2.5% increase on the preceding distributions and would continue to be in line with the growth target indicated at the time of INPP's IPO in 2006," the directors explained in their statement.The ex-dividend date for the interim distribution would be 20 September, with the payment date being 8 November.