29th May 2025 11:58
(Alliance News) - Maven Income & Growth VCT PLC on Wednesday reported improved performance during its 2025 financial year and an enhanced dividend policy.
The London-based private equity and property manager said net asset value total return per share was 148.08p at February 28, up from 145.86p on-year.
Net asset value per share was 39.37p at February 29, compared with 39.40p at the previous year-end, and earnings per share were 2.22p versus negative 1.44p on-year.
Maven Income & Growth proposed a final dividend per share of 1.25p, up from 1.15p the year prior. The target annual dividend was pushed to 6% of NAV per share, up from the previous 5%. The company said successful cash exits over the course of the year generated GBP10 million in proceeds, hence the dividend boost.
"During the year, the economic and geopolitical landscape has remained unsettled and, following the recent imposition of tariffs by the US, the outlook for the UK economy continues to be uncertain," said Chair John Pocock.
Nonetheless, Pocock said the trust will maintain resilience by focusing on "selective" additions with reliable medium-term prospects.
Maven Income & Growth shares were last quoted at 36.40p each in London.
By Holly Munks, Alliance News reporter
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