(Alliance News) - BBGI Global Infrastructure SA on Thursday upped its payout and affirmed plans to raise its dividend for the next two years.
The infrastructure investor's net asset value per share at the end of 2020 came in at 137.8 pence, up 1.2% from 136.2p at the end of 2019.
Shares in the company were 0.4% lower at 167.20p each in London on Thursday shortly before midday.
"At a time when we are all searching for certainty and predictability, the portfolio has generated financial results ahead of our expectations," BBGI said.
It raised its payout by 2.6% to 7.18p per share in 2020, from 7.00p in 2019. For 2021, it plans to pay 7.33p in dividends, up 2.1% annually, before a 7.48p total payout next year.
By Eric Cunha; ericcunha@alliancenews.com
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BBGI Global Infrastructure (BBGI)