19th Jul 2018 14:03
LONDON (Alliance News) - NB Private Equity Partners Ltd on Thursday declared its second semi-annual dividend as well as introduced a target dividend policy.
The investment company proposed a USD0.28 dividend for its class A shares due to be paid at the end of August. This represents a USD0.03 increase from the company's prior dividend payment.
On an annualised basis, this dividend payment represents a yield of 4.1%, the company noted.
The stock was trading 1.0% higher on Thursday at 1,060.00 pence per share.
While NB Private declares dividends in dollars, shareholders receive it in sterling at the prevailing rate at the time of currency conversion.
In addition, the company said in introduced a target dividend policy to further enhance its ongoing policy of returning capital to shareholders.
NB Private said it will continue to make semi-annual payments to shareholders while targeting an annualised dividend yield of at least 3.0%.
Related Shares:
Nb Priv. Eqty