29th Mar 2018 13:10
LONDON (Alliance News) - 3i Infrastructure PLC said on Thursday, ahead of its year-end on Saturday, that it remains on track to deliver its dividend target.
The company said its portfolio continues to perform in line with expectations.
Total income and non-income cash was GBP64 million in the period from October 1 to March 28, with an additional GBP12 million expected by the end of the month. The company remains on track to deliver its full-year dividend target of 7.85 pence per share, which will be fully covered by earnings.
"The company has had a very busy second half of the year. The investment adviser has delivered outstanding value to shareholders through two well-managed sale processes and engaged portfolio management. We remain on track to deliver a full year dividend of 7.85 pence per share, in addition to the special dividend of 41.4 pence per share," said Chairman Richard Laing.
Shares in 3i Infrastructure were up 1.1% at 213.90 pence on Thursday.
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