24th Mar 2016 11:08
LONDON (Alliance News) - BBGI SICAV SA on Thursday said its net asset value grew in 2015 and hiked its dividend payout.
The investor reported a 3.13% increase in net asset value on an investment basis to GBP479.84 million in 2015. BBGI SICAV reported an investment basis NAV per share of 111.5 pence, up 2.1% over the course of 2015.
During the year, the BBGI SICAV increased its dividend target. Its interim dividend of 3.00 pence per share was paid in October, and a further dividend of 3.00p was proposed, giving total distributions of 6.00p for the year. This represents a 4.17% increase from the prior year.
"The management team has been successful in its task to grow both the NAV per share and the assets under management despite the strong headwind from two factors, the strength of the Pound Sterling and the intense pressure in the secondary market for infrastructure assets," Chairman David Richardson said in a statement.
Shares in BBGI SICAV were flat at 131.53 pence on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
BBGI Global Infrastructure