24th Mar 2015 17:25
LONDON (Alliance News) - Maven Income and Growth VCT 4 PLC Tuesday said it has raised its dividend for the fourth successive year after its net asset value total return increased in 2014.
For the year ended December 31, the trust said its net asset value total return increased by 2.6% to 131.25 pence per share from 127.90 pence per share in 2013. At the end of the year, its net asset value stood at 97.20 pence per share, down from 98.60 pence per share.
The trust increased its final dividend to 2.90 pence per share, leading to a full year dividend of 5.0 pence per share, up from 4.65 pence per share in 2013.
"During the year, improved income derived from the investment portfolio combined with the proceeds of a number of profitable realisations resulted in a further increase in net asset value total return and enabled your company to propose an increased annual dividend for the fourth year in succession," said Chairman Ian Cormack.
Maven Income shares closed down 0.6% to 85.00 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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