9th May 2018 13:02
LONDON (Alliance News) - Baring Emerging Europe PLC said Wednesday it will up its dividend as its net asset value per share beat its benchmark in the first half of its year.
For the six months ended March 31, Baring's net asset value per share increased to 900.27 pence per share from 815.62p per share the previous year. This 4.8% increase is more than double the benchmark's 2.1%.
The company is expecting the second half of the year to point a "significantly higher level" of dividend flow than in the first half of the year. Baring is proposing an interim dividend of 14 pence per share, up from 13p per share the year before.
Baring remain convinced about the "merits of investing" in the company. It claims it would be a "brave person" who would try and predict what happens next in Russian or Turkish politics but believes the depreciating rouble, or imposition of sanctions, can help individual companies, especially those with dollar revenues.
Shares in Baring were up 1.3% to 750.64 pence each Wednesday midday.
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