5th Oct 2023 09:39
(Alliance News) - ICG Enterprise Trust PLC on Thursday declared a higher payout despite net asset value in the first half of financial 2024 slightly decreasing.
The London-based investor in North America and Europe buyouts said NAV per share as at July 31 declined to 1,904.1 pence per share from 1,903.3p at January 31.
The company declared a second quarter dividend of 8 pence per share, up from 7p a year ago. This brings the half-year dividend to 16p, up 14% from 14p.
Looking ahead, ICG Enterprise said it continued to see favourable dynamics in the secondary market.
"Importantly, we remain confident in the quality of our portfolio, of our managers, and of our team, to generate resilient long-term returns for our shareholders," it said.
ICG Enterprise shares were 1.9% higher at 1,171.38 pence each on Thursday morning in London.
By Tom Budszus, Alliance News reporter
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