3i Infrastructure (LON:3IN) today announced a strong 15.4% return for the year and a 6.4% increase in the target dividend for FY20 to 9.20 pence per share.
Richard Laing, Chair of 3i Infrastructure plc, said: “The Company continued to outperform. We are confident in our portfolio and in our ability to deliver on our strategy and objectives.”
Phil White, Managing Partner, Infrastructure, 3i Investments plc, said: “It has been another strong year for the Company. The portfolio is performing well, we made another excellent realisation and we have continued to make attractive new investments in a very competitive market.”
Performance highlights
|
Strong portfolio performance drove growth in net asset value (‘NAV’) |
15.4% Total return on opening NAV £258m Total return for the year 234.7p NAV per share |
|
Realised investment in XLT |
£333m Net realisation proceeds in the year |
|
Success in new investment across our target markets |
£377m |
|
Delivered the dividend target for FY19
6.4% increase in the dividend target for FY20 |
8.65p Full year dividend per share for FY19 |
|
9.20p Target dividend per share for FY20 |
