(Alliance News) - BBGI SICAV SA on Thursday reported net asset value rise and dividend growth, with the infrastructure investor planning further dividend growth over the coming years.
Net asset value per share at December 31 was 2.0% higher year-on-year at 136.2 pence per share, from 133.5 pence per share.
Shares in the company were 0.4% lower at 143.98p each in morning trading.
Chair Colin Maltby said: "I am delighted to report another year of robust long-term, predictable, stable income derived from our diversified global portfolio of infrastructure investments."
BBGI boosted its full-year payout by 3.7% to 7.00p per share from 6.75p. It targets 2.6% dividend growth to 7.18p in 2020 and further growth of 2.1% in 2021.
"While there is naturally significant uncertainty surrounding Covid-19, and all the consequences and potential disruptions are difficult to foresee, we believe our resilient business model withstand this challenging market environment over the long term," BBGI said.
By Eric Cunha; ericcunha@alliancenews.com
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BBGI Global Infrastructure (BBGI)