The Law Debenture Corporation

LN: LWDB

Market Cap£985m

Last Close 771p

LWDB’s investment objective is to achieve long-term capital growth in real terms and steadily increasing income. The aim is to achieve a higher rate of total return than the broad UK stock market through investing in a diversified portfolio of mainly UK equities with some international holdings. The IPS business provides a regular flow of income, which augments the dividend income from the equity portfolio.

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Investment summary

The Law Debenture Corporation (LWDB) has reported on a robust first six months of 2022. The NAV total return was negative but ahead of the benchmark and LWDB’s long track record of outperformance, over three, five and 10 years remains. The IPS business grew revenues and earnings, consistent with its mid- to high single-digit target. Additionally, in its 43rd year of maintained or increased dividends, Q122 DPS increased by 5.5% and the board seeks to at least maintain the full year DPS at the FY21 level.

Content on The Law Debenture Corporation
The Law Debenture Corporation – Resilient business model in testing times
Investment companies | research Update | 29 July 2022
The Law Debenture Corporation – Outperforming in another strong year
Investment companies | research Review | 25 February 2022
The Law Debenture Corporation – See the difference
Investment companies | research Review | 3 August 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual 4.2 2.7 0.5
Relative* (2.3) 1.8 (0.8)
52-week high/low 830.0p/656.0p
*% relative to local index
Key management
Denis Jackson CEO
Hester Scotton CFO

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