| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Scottish American Investment extends record to 41 years of dividend increases as NAV total return for the year is 14.5%
StockMarketWire.com
|
Investment group Scottish American Investment Company has extended its record of dividend increases to 41 consecutive years by recommending a full-year dividend for 2020 that is 1.1% higher than the 2019 dividend it paid.
The company announced it has recommended a final dividend of 3.00p, taking the full-year dividend to 12.00p per share.
Net asset value total return for the year was 14.5%, ahead of the total return from global equities of 13%, while the company's share price total return was 12% during the period.
It said returns were assisted by the 'resilient' operational performance of many of the companies in which it invests, and also by a positive return from its property investments.
Earnings per share fell slightly over the year to 11.41p, a drop of less than 4%, while investment income was £23.6 million, up from £23 million in 2019.
The fund, which is managed by Baillie Gifford, said it remains the best-performing fund in its Global Equity Income peer group, in terms of NAV total return, over the past five years.
Story provided by StockMarketWire.com
|
|
|
|
|
|
