CVC Income and Growth raises dividend targets

Effective immediately

With immediate effect, targets for ordinary Sterling shares will rise to 7.5p, and to 7c per ordinary Euro share, the company said in a London Stock Exchange announcement this morning (7 March). This means that its quarterly dividends will be increased to 1.875p per Sterling share and to 1.75c per Euro share, including the company's Q1 2023 dividends, which will be payable in the second quarter of the year. At current prices, CVC said it expects 2023 annual dividend target yields of 7.42% and 7.86% for Sterling and Euro share classes, respectively. Global dividends hit record $1.6t...