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Pin to quick picksImpax Asset Management Share News (IEM)

Share Price Information for Impax Asset Management (IEM)

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Share Price: 400.50
Bid: 400.50
Ask: 401.00
Change: -5.00 (-1.23%)
Spread: 0.50 (0.125%)
Open: 404.50
High: 408.00
Low: 400.50
Prev. Close: 405.50
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Impax Environmental Markets is an Investment Trust

To enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste.

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Impax Environmental Markets lifts annual dividend as net assets rise

Thu, 11th Apr 2024 09:05

(Alliance News) - Impax Environmental Markets PLC on Thursday maintained an upbeat outlook as it reported on net asset value growth.

Impax is a London-based investment trust backing companies offering solutions to environmental challenges.

On Thursday, the company said that NAV per share at December 31 was 434.3 pence, up 3.5% from 419.5p the year before.

NAV total return was 4.5%, compared to negative 15% in 2022, and below the MSCI AC World Index's 15.3% return.

Impax Environmental declared a total dividend of 4.6 pence per share, up 15% from 4.0p the year prior.

Looking ahead, the firm's portfolio manager, Jon Forster, said: "We remain positive, based on the more favourable market outlook for mid and small caps, the strong long-term drivers of Environmental Markets and the attractive portfolio valuation."

Shares in Impax Environmental were down 0.7% at 397.03 pence each in London on Thursday morning.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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