6th Sep 2018 18:25
LONDON (Alliance News) - Mid Wynd International Investment Trust PLC said Thursday that its net asset value for financial 2018 rose as it declared a 5.55 pence dividend.
For the year to June 30, the company's NAV per share was 493.23p, up 12% year-on-year from 439.75p.
Shares in the company closed up 0.9% at 540.00p.
The company issued a total dividend of 5.55p, up from 5.00p a year ago, after proposing a final dividend of 3.75p.
For the year, the company's share price rose by 13.4%, on a total return basis. This compares to a total return from the MSCI All Country World Index of 8.9%.
Looking ahead, the company said: "Much on a geo-political level is unclear. The Turkish financial crisis, the eventual outcome of Brexit, the extent of future interest rate increases in the US and whether President Trump's tariff policy will lead to a full-blown global trade war are all matters which may concern markets in the coming year.
"While the company's investment manager has reduced the portfolio's exposure to stocks which would suffer in a global 'trade war', your investment manager remains focused on stock-picking and concentrates on companies which, it believes, can continue to grow their cashflows in most conditions."
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Mid Wynd International Investment Trust