NESF

Dividend:
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Total dividends declared in the period of 4.21p per Ordinary Share (30 September 2024: 4.21p).
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Dividend cover for the period was 1.7x (30 September 2024: 1.5x).
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The Board reconfirms the Company’s full-year dividend target guidance for the year ending 31 March 2026 remains unchanged at 8.43p per Ordinary Share (31 March 2025: 8.43p).
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Dividend cover for the full-year is forecast to be covered in a range of 1.1x – 1.3x by earnings post-debt amortisation.
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As at 02 December 2025, the Company offers an attractive dividend yield of c.16% and since inception has declared total Ordinary Share dividends of £419m, the equivalent to 80.5p per Ordinary Share

It could be possible for long term holders to achieve the holy grail of investing in having a share that has returned all your capital in dividends and pays you a dividend. You would also be earning income on the re-invested dividends.

Sadly for long term holders the yield, will not be 16% but the buying yield of around 5%, increasing over the years held to 8.5%.

The yield if bought at the high of around 124p would less.

Current yield 15.7% Discount to NAV 41%.