(Alliance News) - Scottish American Investment Company PLC said on Friday it outperformed its benchmark in the first half of 2019, and it has also raised dividend.
The investment company reported a net asset value total return of 17.3% for the six months to June 30, compared to the FTSE All World Index, which returned 16.4%.
The company's net asset value per share rose during the period to 394.6 pence, up from 343.0p in December.
Scottish American paid two interim dividends for the period totalling 5.875p, up 3.5% higher than the 5.675p it paid in the same period last year.
The first dividend of 2.925p was paid at the end of June and the second, payable at the end of September, will be 2.95p.
The company is benefiting from owning a variety of of businesses in its portfolio and that its "global investment universe" allows it to invest in broader number of businesses rather than being restricted to the UK, it said.
Scottish American is confident in the long-term despite the challenge Brexit and trade barriers could present in the future.
Shares in the company were down 0.1% on Friday afternoon at 418.67p each.