Law Debenture reports 15.9% return, exceeding benchmarks

Law Debenture Corporation reported a total investor return of 15.9% for the year ending December 2024, outperforming its benchmark, the FTSE All-Share Index, which returned 9.5%. This marks a strong performance over the past decade as well. The trust, valued at £1.2 billion, plans to increase its dividend by 4.7% for 2024, resulting in a total annual payment of 33.5p per share. This will be the 16th consecutive year of dividend growth. Law Debenture's unique structure includes a professional services business alongside its equity portfolio. The trust's ownership of Independent Professional Services contributes to its income, while its equity portfolio focuses on UK stocks.