14th Apr 2016 16:38
LONDON (Alliance News) - The Scottish Oriental Smaller Co Trust PLC late Thursday said it outperformed its benchmark indexes in the first half, but said it is "too early" to forecast the size of its dividend for the full year.
The trust said its net asset value total return in the six months to the end of February was 5.9% whilst its share price total return was 2.0%. That can be compared to the total return performance of MSCI AC Asia ex Japan Index of 3.1%, the MSCI AC Asia ex Japan Small Cap Index of 5.4% and the FTSE All-Share which fell 1.2% in the year.
At the end of February, the trust's net asset value per share stood at 834.17 pence, rising from 816.57 pence at the end of August.
The trust said it has recently paid the 11.5 pence per share dividend for the last financial year, but said it is "too early" to make a forecast regarding the dividend for the current financial year.
Scottish Oriental shares closed up 0.8% to 786.0 pence per share on Thursday.
By Joshua Warner; [email protected]; @JoshAlliance
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