(Alliance News) - 3i Infrastructure PLC on Tuesday reported a rise in annual net assets and upped its payout.
The infrastructure investment company said its net asset value share at its March 31 year-end amounted to 303.3 pence, up 13% annually from 268.1p.
3i shares were 1.3% higher at 344.35p each in London on Tuesday morning.
"The company delivered another year of outperformance which was underpinned by strong income and capital returns from the portfolio. A total of GBP980 million of new investments and commitments were made," 3i Infrastructure said.
3i Infrastructure lifted its annual payout by 6.6% to 10.45p per share from 9.80p in 2021. For 2023, it targets 6.7% annual dividend growth to 11.15p.
3i Infrastructure reported a total return on opening NAV of 17%, beating its 8% to 10% target for the eighth successive year.
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
3i Infrastructure (3IN)