Interim Dividend – US Dollar Conversion Rate
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On 22 January 2024 City of London (LSE: CLIG) announced an interim dividend for the year ending 30 June 2024 of 11p per share, and that we would also give the option for shareholders to elect to receive dividends in USD at an exchange rate to be announced two weeks before the dividend payment date.
The USD amount payable in respect of the final dividend has been determined with reference to the closing market exchange rate on 13 March 2024, resulting in an applicable exchange rate of £1:US$1.2797. Accordingly, the USD amount payable to shareholders in relation to the final dividend will be 14.1 cents per share.
The final dividend of 11 pence per share (equivalent to 14.1 cents per share) will be paid on 28 March 2024.
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