Stock Market News
Board cheers 'outstanding year' at 3i Infrastructure
3i Infrastructure announced 28.6% total return on its operating net asset value for the year ended 31 March in its final results on Friday, as well as a 10% increase in the target dividend for the 2019 financial year to 8.65p per share.
The FTSE 250 company said its total return for the year was £480m, with its net asset value per share closing at 211p.
Its full-year dividend reached 7.85p.
The board also described "strong" income progression, with total income and non-income cash of £156m, while it invested or committed £525m during the 12-month period.
A total of £425m in cash was returned to shareholders during the year, with the company reporting a closing cash balance of £285m.
"The company had an outstanding year," said chairman Richard Laing.
"The realisations of our holdings in Elenia and Anglian Water Group generated exceptional value for shareholders."
Phil White, managing partner of infrastructure at 3i Investments, said the "outstanding" return delivered through the sales of Anglian Water Group and Elenia underpinned a "very strong year" for the company.
"As well as the special dividend paid in March, the proceeds have been invested to further diversify and balance our portfolio."
The FTSE 250 company said its total return for the year was £480m, with its net asset value per share closing at 211p.
Its full-year dividend reached 7.85p.
The board also described "strong" income progression, with total income and non-income cash of £156m, while it invested or committed £525m during the 12-month period.
A total of £425m in cash was returned to shareholders during the year, with the company reporting a closing cash balance of £285m.
"The company had an outstanding year," said chairman Richard Laing.
"The realisations of our holdings in Elenia and Anglian Water Group generated exceptional value for shareholders."
Phil White, managing partner of infrastructure at 3i Investments, said the "outstanding" return delivered through the sales of Anglian Water Group and Elenia underpinned a "very strong year" for the company.
"As well as the special dividend paid in March, the proceeds have been invested to further diversify and balance our portfolio."
Related share prices |
---|
3i Infrastructure (3IN) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price