Funds

Premier Income Fund

Dividend history

or

Premier Income Fund | A income

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the fund’s ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth £5,000 (100,000 x 0.05).

The tables below show the Fund’s dividend payments (pence per share) at each payment date and the total dividend per share over the Fund’s financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

Summary

Fund financial year Total dividend per share
2018-2019 14.5000p
2017-2018 31.7948p
2016-2017 33.8385p
2015-2016 30.3072p
2014-2015 29.8166p
2013-2014 29.6475p
2012-2013 28.6989p
2011-2012 26.8834p
2010-2011 24.1049p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2018 28 December 2018 14.5000p 14.5000p
1 May 2019 30 June 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2017 28 December 2017 14.0000p 14.0000p
1 May 2018 28 June 2018 17.7948p 31.7948p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2016 28 December 2016 13.0000p 13.0000p
2 May 2017 28 June 2017 20.8385p 33.8385p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 November 2015 24 December 2015 12.5000p 12.5000p
3 May 2016 28 June 2016 17.8072p 30.3072p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 November 2014 24 December 2014 11.2500p 11.2500p
1 May 2015 26 June 2015 18.5666p 29.8166p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2013 27 December 2013 11.2500p 11.2500p
1 May 2014 27 June 2014 18.3975p 29.6475p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2012 31 December 2012 10.8700p 10.8700p
1 May 2013 28 June 2013 17.8289p 28.6989p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2011 30 December 2011 10.8700p 10.8700p
1 May 2012 29 June 2012 16.0134p 26.8834p
Fund financial year 2010-2011

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2010 31 December 2010 10.8700p 10.8700p
3 May 2011 30 June 2011 13.2349p 24.1049p
Premier Income Fund | B income

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the fund’s ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth £5,000 (100,000 x 0.05).

The tables below show the Fund’s dividend payments (pence per share) at each payment date and the total dividend per share over the Fund’s financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

Summary

Fund financial year Total dividend per share
2018-2019 15.5950p
2017-2018 34.0246p
2016-2017 36.0290p
2015-2016 32.1090p
2014-2015 31.4441p
2013-2014 31.1326p
2012-2013 29.9396p
2011-2012 27.9073p
2010-2011 25.0494p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2018 28 December 2018 15.5950p 15.5950p
1 May 2019 30 June 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2017 28 December 2017 14.9810p 14.9810p
1 May 2018 28 June 2018 19.0436p 34.0246p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Total dividend per share, year to date (for the fund's current financial year)
1 November 2016 28 December 2016 13.8410p 13.8410p
2 May 2017 28 June 2017 22.1880p 36.0290p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 November 2015 24 December 2015 13.2400p 13.2400p
3 May 2016 28 June 2016 18.8690p 32.1090p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 November 2014 24 December 2014 11.4000p 11.4000p
1 May 2015 26 June 2015 20.0441p 31.4441p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2013 27 December 2013 11.4000p 11.4000p
1 May 2014 27 June 2014 19.7326p 31.1326p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2012 31 December 2012 11.0200p 11.0200p
1 May 2013 28 June 2013 18.9196p 29.9396p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2011 30 December 2011 11.0200p 11.0200p
1 May 2012 29 June 2012 16.8873p 27.9073p
Fund financial year 2010-2011

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2010 31 December 2010 11.0200p 11.0200p
3 May 2011 30 June 2011 14.0294p 25.0494p
Premier Income Fund | C income

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the fund’s ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth £5,000 (100,000 x 0.05).

The tables below show the Fund’s dividend payments (pence per share) at each payment date and the total dividend per share over the Fund’s financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

Summary

Fund financial year Total dividend per share
2018-2019 16.2650p
2017-2018 35.4003p
2016-2017 37.3891p
2015-2016 33.2367p
2014-2015 32.4722p
2013-2014 31.9245p
2012-2013 30.7557p
2011-2012 28.5851p
2010-2011 25.6612p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2018 28 December 2018 16.2650p 16.2650p
1 May 2019 30 June 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2017 28 December 2017 15.5860p 15.5860p
1 May 2018 28 June 2018 19.8143p 35.4003p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Total dividend per share, year to date (for the fund's current financial year)
1 November 2016 28 December 2016 14.3630p 14.3630p
2 May 2017 28 June 2017 23.0261p 37.3891p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 November 2015 24 December 2015 13.7000p 13.7000p
3 May 2016 28 June 2016 19.5369p 33.2367p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 November 2014 24 December 2014 11.6500p 11.6500p
1 May 2015 26 June 2015 20.8222p 32.4722p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2013 27 December 2013 11.6500p 11.6500p
1 May 2014 27 June 2014 20.2745p 31.9245p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2012 31 December 2012 11.2500p 11.2500p
1 May 2013 28 June 2013 19.5057p 30.7557p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2011 30 December 2011 11.2500p 11.2500p
1 May 2012 29 June 2012 17.3351p 28.5851p
Fund financial year 2010-2011

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2010 31 December 2010 11.2500p 11.2500p
3 May 2011 30 June 2011 14.4112p 25.6612p
Premier Income Fund | C accumulation

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the fund’s ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth £5,000 (100,000 x 0.05).

The tables below show the Fund’s dividend payments (pence per share) at each payment date and the total dividend per share over the Fund’s financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.

Summary

Fund financial year Total dividend per share
2018-2019 19.1040p
2017-2018 40.1868p
2016-2017 40.5297p
2015-2016 34.4480p
2014-2015 20.8222p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2018 28 December 2018 19.1040p 19.1040p
1 May 2019 30 June 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 November 2017 28 December 2017 17.5390p 17.5390p
1 May 2018 28 June 2018 22.6478p 40.1868p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Total dividend per share, year to date (for the fund's current financial year)
1 November 2016 28 December 2016 15.4240p 15.4240p
2 May 2017 28 June 2017 25.1057p 40.5297p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 November 2015 24 December 2015 14.0800p 14.0800p
3 May 2016 28 June 2016 20.3680p 34.4480p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 May 2015 26 June 2015 20.8222p 20.8222p
Ex-dividend date Payment date
1st November and 1st May On, or before, 31st December and 30th June 

In each fund financial year, from 1st May to 30th April, the last ex dividend date is 1st May and the last dividend payment date is 30th June.

The Fund pays a dividend twice a year to shareholders and aims to grow the value of the annual dividend over the long term. The annual dividend is expected to be made up of a smaller dividend paid on 31st of December, after the half-year date in the fund’s financial year, and a larger, final dividend paid on the 30th June, after the end of the Fund’s full financial year unless these dates fall on a weekend or bank holiday, in which case payment will be made on the previous working day. The Fund aims to produce a yield of at least 100% of the FTSE All Share Index over 3 year rolling periods (measured by taking a simple average of the yield figures achieved by the fund at its annual accounting period ends). As a key objective of this Fund is to provide income, the ongoing charge for the Fund is taken from capital rather than income. This can erode capital and reduce the potential for capital growth.

Holders of income shares are entitled to be paid any income on the relevant payment dates. In the case of holders of accumulation shares, income is not distributed but instead retained for the benefit of shareholders in that share class and is reflected in the share price.

For income shares, the dividend will normally be paid to a nominated account. If investing directly with Premier, the dividend payment will be paid direct to the nominated bank or building society account or paid out as a cheque if we don’t have account details. Cheques are typically despatched the day before the dividend pay date. If not investing directly with Premier, for example through an investment platform, shareholders will need to check how and when the dividends will be paid.

If investing directly with Premier, confirmation of dividends paid will be notified via tax vouchers (unless invested via an ISA where you will be notified via the semi-annual statements) that will be posted out the day before the dividend pay date. Dividend payments will also be summarised on semi-annual statements. If not investing direct with Premier, investors will need to check with their provider as to their methods of notification.

Tax

For UK residents and other individuals subject to UK income tax, no income tax is payable in respect of the first £5,000 of dividend income that you receive from all sources in the tax year (although such income would still count towards the basic, higher and additional rate thresholds). For dividends received above £5,000 in a tax year, the dividend income would be taxable at 7.5%, 32.5% and 38.1% for basic rate, higher rate and additional rate tax payers respectively.

If you are resident in jurisdictions other than the UK for tax purposes, you will generally not be charged UK income tax on a dividend distribution unless you are carrying on a trade in the UK through a permanent establishment. Your tax position is likely to depend on the law and practice on taxation in the jurisdiction in which you are resident. Each investor will be sent a tax voucher notifying them of the amount of the distribution paid to them and of any tax deducted

Further information about the taxation of dividend distributions is available in the fund’s prospectus document. The information provided is based on our understanding and interpretation of current tax rules which are subject to change. Premier Asset Management is unable to provide investment or tax advice and we would advise that you seek appropriate professional advice on your individual tax position.

Key terms

Dividend distributions: income that is paid out by funds that invest mainly in equities (company shares). Dividends received on those company shares are the profits paid to investors as cash or shares and are usually paid once or twice a year.

Payment date: the date that the dividend payment will normally be made. This is the date that dividend cheques are posted or dividends paid by bank mandate are credited to shareholders’ bank accounts (or potentially other accounts if investment has been made through a platform).

Ex-dividend date: the date that dividends are announced and allocated. The registered holder of shares immediately prior to the ex-dividend date will be entitled to the dividend for that shareholding.

Income equalisation: income equalisation is applied to each of the funds. A proportion of each fund’s share price reflects the amount of income accrued for distribution within the current accounting period (whether annual or interim). For a shareholder’s first distribution following a purchase of shares, the payment to them will contain a representation of that income purchased which is classed as a return of capital. The rate of equalisation paid out is calculated by dividing the aggregate of the amounts of income included in the price of shares purchased by all shareholders in that accounting period by the number of those shares. This will be shown on the dividend voucher for the period(s) when you buy shares.

 

Risk and other important information

When you invest, your money is at risk because the value of investments, and any income from them, can go down as well as up and you could get back less than you invested. The past performance of an investment is not a guide to how it will perform in the future. Because there are many different types of investment risk and investors have different attitudes to risk, we are not able to categorise our investments as having a specific level of risk. We would therefore strongly recommend that if you do not have professional experience in matters relating to investments, you should speak with a financial adviser before making an investment decision.

Premier Asset Management is not authorised to provide investment advice or tax advice. Before making an investment decision, it is also important that you read the key documentation for that investment which is available in the literature section of the website, by contacting a financial adviser or by getting in touch with us directly. See ‘Contact us’ for more information or if you are unsure. You can find more details about the specific risks and literature that are relevant to each type of investment on the individual fund, portfolio or investment trust website pages.

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