The Bankers Investment Trust raised its full-year dividend by six per cent to 14.13p after achieving solid growth in net asset value (NAV).
The company reported a 23.8% rise in NAV in the year to October 31st 2013. The group said the increase in NAV was the catalyst for the reduction in the discount to which the shares
traded at during the year, resulting in a share price return of 33.9%.
"This performance was achieved against a positive global equity market background with strong returns being reported by all major markets," the firm said.
Looking ahead the group expects the current level of revenue reserve will not grow significantly from 2013 year end after paying out the majority of earnings generated from each year in dividends.
However, the company said low borrowing costs, growing investor confidence and an improved corporate outlook, particularly in North America and the UK, give grounds to remain optimistic regarding equity returns.
"We feel confident in being able to forecast a dividend per share of not less than 14.7p per share, an increase of 4%."
Conviviality Retail, the owner of franchised off-licence convenience stores, reported a solid increase in profits despite a dip in revenue in its maiden first-half results as an AIM-listed company.
Meanwhile, an update on trading showed that sales over Christmas were strong, with like-for-like (LFL) sales and average sales per store picking up.
The firm, which owns brands such as Bargain Booze and Wine Rack, said that profit before tax excluding exceptional items rose to £2.2m in the 26 weeks to October 27th 2013, up 13.6% year-on-year.
Retail sales, classed as sales by franchisees to customers, were down 5.2% at £261.9m during the period due to a "managed reduction" in store numbers to 592, from 616 at the start of the period.
Nevertheless, the company reported a 1.5% increase in LFL franchisee retail sales, while average retail sales per store were up 4.9%.
Wholesales sales, which are sales by Conviviality to its franchisees, were down 5.1% at £183.7m during the first half.
The company, which joined the stock market in July 2013, declared an interim dividend of 2p per share.
During the two weeks to January 5th, Conviviality said that LFL retail sales growth accelerated to 2.8%, with average sales per share rising 5.7% year-on-year. This was helped by strong sales growth in sparking wine and champagne sales, seasonal confectionery and beer.
TUI Travel (TT.)
Operating Loss/Profit: £280.00m
Pretax profit: £181.00m
Total Dividend Paid: n\a
EPS basic: 5.40