15th Nov 2013 17:31
LONDON (Alliance News) - Schroder Income Growth Fund PLC Friday said it produced a net asset value total return of 25.2%, against the FTSE All-Share Index's return of 18.9% over the year.
The company declared total dividends of 9.80 pence per share for the year ended August 31, compared with 9.50 pence per share last year.
"While it is pleasing to be able again to distribute dividends covered by earnings that have increased in line with inflation, your Board hopes to be able to return to a policy of increasing dividends above inflation. While this ultimately depends on the health of the UK corporate sector, the Board takes comfort from the diversified nature of the portfolio," Ian Barby, chairman, said in a statement.
The fund made GBP28.8 million in gains on investments held at fair value through profit or loss in the year, compared with GBP9.4 million in 2012.
Schroder Income Growth Fund shares Friday closed at 266.50 pence, up 0.2%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Schroder Income Growth Fund