24th Mar 2015 07:41
LONDON (Alliance News) - John Laing Infrastructure Fund Ltd on Tuesday reported a rise in its net asset value per share over 2014 and said it would hike its final dividend for the year.
The FTSE 250-listed infrastructure investment fund said its net asset value per share rose 2.3% to 109.3 pence in 2014, with its net asset value increasing GBP69.2 million to GBP887.3 million on the back of new acquisitions it made.
Total shareholder return for the year was 12.6%, John Laing Infrastructure said, with a final dividend declared at 3.375 pence per share, up 3.8% year-on-year. The total dividend for the year is 6.5 pence, up from 6.25 pence a year earlier.
The fund said its pretax profit for the year more than doubled, up to GBP67.2 million from GBP31.1 million a year earlier.
"I am encouraged by the strong performance JLIF has delivered in 2014 achieving record levels of underlying growth which supports the progression of the dividend ahead of UK RPI for the third year running. We remain optimistic about the outlook for JLIF," said Chairman Paul Lester.
By Sam Unsted; [email protected]; @SamUAtAlliance
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