1st Aug 2023 11:33
HICL Infrastructure PLC - investor in infrastructure assets managed by InfraRed Capital Partners Ltd - Says on track to deliver target dividend of 8.25 pence per share in the financial year that ends on March 31 next year, unchanged on financial 2023, as cash generation in the four months to Monday is in line with expectations. "HICL's portfolio performed well over the period owing to its defensive positioning and strong inflation correlation, which serve to protect the company's NAV in the current macro environment," says Chair Mike Bane. Despite this correlation, the company complains, higher UK interest rates have weighed on the share price, widening the discount to net asset value. Read More
