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BP Marsh & Partners PLC - investor in early-stage financial services businesses - Says majority of portfolio has performed well in the financial second half that ended July 31, despite macroeconomic challenges. Confident of continuing to grow and deliver returns for investors, and well-capitalised for prospective investments. Notes the 2.78 pence per share payout July for financial 2022, and aims ‘at least to maintain this level of dividend’ in the next couple of years. Will release annual results on October 18.
‘The group continues to maintain its disciplined approach against this uncertain backdrop. However, it is believed that increased costs will at least be matched by an increase in premium rates in the short to medium term,’ BP Marsh says.
Current stock price: 300.04 pence, up 2.4% on Tuesday
12-month change: down 7.1%
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