The Board of Octopus Renewables Infrastructure Trust plc announced an increase in the target dividend to 6.02 pence per ordinary share for the financial year from 1 January 2024 to 31 December 2024 ("FY 2024"). This increase of 4.0% over Fiscal Year 2023's dividend target is in line with the increase to the Consumer Price Index (CPI) for the 12 months to 31 December 2023, and marks the third consecutive year the Company has increased its dividend target in line with inflation. The Fiscal Year 2024 dividend target is expected to be fully covered by cashflows generated from the Company's operating portfolios.

The Company is on track to deliver its dividend target for Fiscal Year 2023 of 5.79p per ordinary share and expects the dividend to be fully covered by cashflows arising from its operating assets. The fourth interim dividend for Fiscal Year 2023 is expected to be declared in late January 2024.