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IN BRIEF: HICL Infrastructure says road projects seeing more traffic

Tue, 27th Jul 2021 12:04

(Alliance News) - HICL Infrastructure PLC - a long-term investor in infrastructure assets - Public-private partnership project investments are performing in line with market expectations. Demand-based investments represent 19% of portfolio value at March 31, and the easing of movement restrictions in the UK, Europe and the US has increased traffic on HICL's road projects. "Within our PPP investments, the focus is on actively supporting public sector clients as they adjust to post-pandemic requirements," says company. Having last week declared a first quarter interim dividend for financial year ending March 31, 2022 of 2.06 pence, HICL reaffirms its target annual dividend of 8.25p.

Current stock price: 170.80p

Year-to-date change: down 1.7%

By Josie O'Brien; josieobrien@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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