|
Edinburgh Investment Trust PLC on Tuesday reported an increase in its net asset value per share and noted an ‘attractive’ outlook. The Edinburgh-based investment trust, which invests primarily in UK securities, said its NAV per share at March 31 was 713.75 pence, up 3.9% from 686.69p a year prior. NAV total return was 7.9%, exceeding the FTSE All-Share Index of 2.9%. Edinburgh Investment Trust said NAV outperformance was driven by its stock selection and the revaluation of its long-term debt. Edinburgh Investment Trust declared a final dividend of 6.7p per share, up 4.5% from 6.4p, bringing the total dividend for financial 2023 to 26.20p per share, up 5.6% from 24.80p a year prior. Looking ahead, Edinburgh Investment Trust said it is ‘well-positioned’ to deliver ‘attractive’ total returns as it focuses on investing and maintaining a diversified portfolio. Chair Elisabeth Stheeman said: ‘Despite the ever-uncertain economic outlook, there is enthusiasm about the underlying prospects for the stocks in the company’s portfolio.’ Shares in Edinburgh Investment Trust were up 0.3% at 662.00p each in London on Tuesday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
