Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Infrastructure investment company BBGI raised its dividend target after reporting a rise in first-half net assets as its portfolio experienced no material impact from the Covid-19 pandemic.
Investment basis net asset value was up 0.3% to £860.8m as at 30 June 2020, compared with £858.6m seen at 31 December 2019.
A combined £17.9m was invested to finance three new and follow-on acquisitions during the period.
The company targeted a 2020 dividend of 7.18pps up 2.6% on the 2019 dividend, and said it would target a 2021 dividend of 7.33pps, up 2.1% on the 2020 dividend target.