Electra jumps after announcing interim dividend

Investment group Electra Private Equity announced it will pay an interim dividend after its diluted net asset value grew in the first half of the year.The London-listed group said its diluted net asset value per share rose 12% year-on-year in the six months to 31 March to 3,548p, while its share price jumped 19% against a total return of 5% on the FTSE All-Share index.The FTSE 250 group said the performance had prompted it to pay an interim dividend of 1% of its net asset value, amounting to 38p per share."We are pleased to be announcing an interim dividend following the review that was completed earlier this year," said group chairman Roger Yates.We believe the changes implemented are creating additional value for all shareholders."Meanwhile, the group has made a £99m investment in the UK franchise of TGI Fridays, with an additional £30m invested in follow-on and other investments.Electra shares were up 5.24% to 3,275.00p at 10:31 on Thursday.