23rd Feb 2015 09:31
LONDON (Alliance News) - Standard Life UK Smaller Companies Trust PLC Monday said it outperformed its benchmark in the half year to end-December 2014.
The trust posted a total return on net asset value of 1.6%, compared with a negative total return of 1.3% from its benchmark, the Numis Smaller Companies Index. The trust said that this relative out-performance is "pleasing although stockmarkets have proved challenging."
It proposed an interim dividend of 1.40 pence, up from 1.27 pence a year before.
The trust said it remains confident in its outlook over the long term. "We expect the portfolio to continue to deliver strong earnings and dividend growth. The emphasis on risk aversion, resilience, growth and momentum remains intact," the trust said in a statement.
Shares in Standard Life UK Smaller Companies are trading down 0.1% at 285.55 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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