Octopus Titan VCT plc confirmed that on 16 March 2023 the Board declared a second interim dividend of 3 pence per share in respect of the year ended 31 December 2022. This will be paid on 24 May 2023 to shareholders on the register as at 5 May 2023, resulting in full-year dividends of 5 pence. This represents a tax-free dividend yield of 4.7% on the NAV at 31 December 2021, equivalent to 7% for a higher rate tax payer.

As shareholders will know, ambition is to pay an annual dividend of 5 pence per share, supplemented by special dividends when appropriate.