The Law Debenture Corporation (LSE: LWDB)

Last close As at 21/05/2024


−9.00 (−1.00%)

Market capitalisation


The Law Debenture Corporation’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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Equity Analyst

Martyn King

Martyn King

Director, Financials

Key Management

  • Denis Jackson


  • Hester Scotton


Share Price Performance

Price Performance
% 1M 3M 12M
Actual 10.6 16.3 9.4
Relative 3.5 6.6 0.8
52 week high/low 897.0p/721.0p


FY23 results for The Law Debenture Corporation (LWDB) show this well-proven, rare combination of a UK investment trust and the cash-generative professional services operating business (IPS) continuing to generate strong results. Performance was ahead of the broad UK equity market benchmark, within which IPS growth was just above the upper end of its mid- to high-single digit growth target and DPS was increased by 4.9%. The results build on LWDB’s long-term record of outperformance versus the benchmark and peers and above average DPS growth.



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