23rd Feb 2015 08:44
LONDON (Alliance News) - HICL Infrastructure Co Ltd on Monday said it is performing in line with expectations for the year and reaffirmed its dividend targets for 2015 and 2016.
The infrastructure investment vehicle said it is confident its target dividend of 7.25 pence per share for the year to March 31 will be achieved and reaffirmed its target dividend of 7.40 pence per share for the financial year to the end of March 2016.
The group said the infrastructure investment market in the UK remains competitive, with prices continuing to rise. It said it and InfraRed Capital Partners, its investment manager, are exercising investment discipline, which could moderate the rate of asset growth in the future.
"The board remains positive about the prospects for the company, both in terms of portfolio performance and the ability of InfraRed Capital Partners to source value-accretive acquisitions," said Chairman Graham Picken.
Shares in HICL were down 0.2% to 154.9794 pence on Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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