26th Nov 2015 16:17
LONDON (Alliance News) - Invesco Income Growth Trust PLC Thursday said it outperformed its benchmark in the half year to end-September, seeing a negative total return of 3.5%.
This was better than the negative total return of 7.2% from the FTSE All-Share Index.
The trust said that the first half had started on a positive note, but this reversed in the middle of the period, and it ended the half year with a negative return.
It proposed a second interim dividend of 2.15 pence, taking its total dividends for the half year to 4.3p, up from 4.2p a year before.
"Although in the shorter term, positive returns may continue to be harder to achieve, there is reason to believe that returns over the longer term will remain positive," Chairman Hugh Twiss said in a statement.
Shares in Invesco Income Growth were up 0.2% at 283.00 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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