27th Mar 2015 10:51
LONDON (Alliance News) - Mobeus Income and Growth 4 VCT PLC Friday said it quadrupled its dividend for the last financial year despite its net asset value per share falling in the period.
The trust said its net asset value per share stood at 118.21 pence on December 31, down from 119.92 pence per share at the end of 2013. The net asset value total return per share was 13.6% in the period, up from 8.6% a year earlier. The trust's share price total return also increased to 15% from 9.6%.
Despite its net asset value per share dropping, Mobeus significantly increased its dividend for the year to 22.0 pence from only 6.0 pence in 2013.
"2014 has been a very active and profitable year for the company. Shareholders should not expect that this level of distributions will be maintained in 2015 or be repeated unless an equally successful sequence of realisations occurs," it said in a statement.
Mobeus shares were untraded on Friday morning, last trading at 101.00 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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