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IN BRIEF: International Public backs role of infrastructure spending

ALN

International Public Partnerships Ltd - London-based infrastructure investor - Says roughly £48 million investments and commitments are made in first five months of 2022. Notes dividend guidance of 7.74 pence per share for 2022 has been reaffirmed, with guidance of 7.93p for 2023 issued back in March. Looking ahead, INPP notes ‘strong macro fundamentals that support the company's portfolio’. ‘Governments have acknowledged the key role infrastructure spending will play in driving economic recovery, creation of jobs and addressing challenges such as climate change,’ it says. ‘The pipeline for the types of assets the company invests in remains strong and the company continues to remain confident in its ability to continue to source and develop quality, high-performing opportunities, across the company's target geographies.’

Current stock price: 168.60p

12-month change: down 1.0%

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