LONDON (Alliance News) - The Scottish American Investment Co PLC said Friday the prospect for dividends "remain very encouraging", despite warning that the UK general election may mean political uncertainties will remain in the UK in the short term.
The investment company proposed a final dividend of 2.65 pence for 2014, taking its total dividend to 10.50 pence, up from 10.20 pence in the previous year.
It saw a total return on net asset value per share of 2.9% for the year, falling behind what it termed the total return of the global equity market of 11.3%.
Net asset value per share fell 1.3%, due to a greater increase in the current market value of its debenture borrowings, the company said.
Shares in the Scottish American Investment are trading up 0.6% at 242.00 pence Friday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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