Develop North PLC provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. It also invests in financial assets comprising loans. The company makes investments primarily through senior secured loans; and other loans, such as bridging loans, subordinated loans, selected loan financings, and other debt instruments. The company was formerly known as TOC Property Backed Lending Trust Plc and changed its name to Develop North PLC in May 2022. Develop North PLC was incorporated in 2016 and is based in Chelmsford, the United Kingdom.
Develop North Dividend Announcement
• Develop North announced a quarterly dividend of £1.00 per ordinary share which will be made payable on . Ex dividend date: 2024-12-05
• Develop North annual dividend for 2024 was £4.00
• Develop North annual dividend for 2023 was £4.00
• Develop North's trailing twelve-month (TTM) dividend yield is 5.13%
• Develop North's payout ratio for the trailing twelve months (TTM) is 122.88%
• Develop North's dividend growth over the last five years (2018-2023) was -10.59% year
Develop North Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-05 | £1.00 | quarterly | |
2024-09-12 | £1.00 | quarterly | |
2024-06-13 | £1.00 | quarterly | 2024-06-28 |
2024-03-07 | £1.00 | quarterly | 2024-03-28 |
2023-12-07 | £1.00 | quarterly | 2023-12-28 |
2023-09-07 | £1.00 | quarterly | 2023-09-29 |
2023-06-08 | £1.00 | quarterly | 2023-06-30 |
2023-03-16 | £1.00 | quarterly | 2023-03-31 |
2022-11-24 | £1.00 | quarterly | 2022-12-29 |
2022-09-08 | £1.00 | quarterly | 2022-09-30 |
2022-06-09 | £1.00 | quarterly | 2022-06-30 |
2022-03-03 | £1.00 | quarterly | 2022-04-01 |
2021-11-18 | £1.00 | quarterly | 2021-12-30 |
2021-09-09 | £1.00 | quarterly | 2021-09-30 |
2021-06-10 | £1.00 | quarterly | 2021-06-30 |
2021-03-11 | £1.50 | quarterly | 2021-04-01 |
2020-03-05 | £1.50 | quarterly | 2020-04-03 |
2019-12-12 | £1.50 | quarterly | 2020-01-03 |
2019-09-12 | £1.50 | quarterly | 2019-10-04 |
2019-06-13 | £1.50 | quarterly | 2019-07-04 |
2019-02-28 | £1.50 | quarterly | 2019-04-04 |
2018-12-20 | £1.75 | quarterly | 2019-01-04 |
2018-09-13 | £1.75 | quarterly | 2018-10-04 |
2018-06-14 | £1.75 | quarterly | 2018-07-03 |
2018-03-01 | £1.75 | quarterly | 2018-03-29 |
2017-12-07 | £1.50 | quarterly | 2017-12-29 |
2017-09-07 | £1.00 | quarterly | 2017-09-29 |
2017-06-08 | £1.00 | quarterly | 2017-06-30 |
Develop North Dividend per year
Develop North Dividend growth
Develop North Dividend Yield
Develop North current trailing twelve-month (TTM) dividend yield is 5.13%. Interested in purchasing Develop North stock? Use our calculator to estimate your expected dividend yield:
Develop North Financial Ratios
Develop North Dividend FAQ
Other factors to consider when evaluating Develop North as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Develop North's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Develop North publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Develop North distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Develop North are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Develop North sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Develop North distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Develop North declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Develop North's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Develop North's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.