Baillie Gifford Japan Trust

Website: Baillie Gifford Japan Trust
Index: FTSE 250
EPIC: BGFD
Supersector: Financial Services
Sector: Equity Investment Instruments
Subsector: Equity Investment Instruments
Market Cap: £676.5M
Payout Frequency:

Baillie Gifford Japan Trust Dividend Analysis and Summary

Key Dividend Details

Proposed dividend: Final dividend of 10.0p per share (unchanged YoY)
Status: Subject to approval at the AGM on 10/12/2025
Payment date: 15/12/2025
Record date: 14/11/2025
Ex-dividend date: 13/11/2025 (derived as one business day before record date)
DRIP: Available; election deadline 24/11/2025
Indicative yield: ~1.1% based on 10p DPS and 901p share price at 31 Aug 2025 (actual yield varies with market price)
Cash cost: c. £7.75m based on 77.49m shares in issue at 31 Aug 2025

Dividend Coverage and Reserves

Earnings cover: Revenue EPS 7.32p vs proposed DPS 10.0p ? coverage ~0.73x (down from 0.82x last year)
Revenue reserve: £12.93m at year end (˜ 16.7p per share), down from £15.44m
FY25 income from investments fell to £14.94m (FY24: £15.80m) while finance costs rose to £2.51m (FY24: £1.80m), pressuring revenue
Board notes dividends are payable from the revenue reserve and, where realised, the capital reserve (capital reserve £556.4m; realised portion not specified)

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
11/11/2021	21/12/2021		6.00p	GBX
11/11/2021	21/12/2021	Q4	6.00

Total (Annual Dividends Per Share): 6.00p

Dividend Yield = Annual Dividends Per Share (6.00p) ÷ Share Price (906p) = 0.66%

Ex Dividend Date	Payment Date	Type	Amount	Currency
13/11/2025	15/12/2025		10.00p	GBX
12/11/2025	15/12/2025	Q4	10.0000
14/11/2024	18/12/2024		10.00p	GBX
16/11/2023	20/12/2023		10.00p	GBX
10/11/2022	21/12/2022		9.00p	GBX
11/11/2021	21/12/2021		6.00p	GBX
11/11/2021	21/12/2021	Q4	6.00

Year	Total
2021	6.000

Number of Shares:

Payment	Paid	Amount
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