Standard Life UK Smaller Cos Trust PLC - Edinburgh-based investor - Reports net asset value per share is 737.97 pence at June 30, up from 527.73p posted the year before. Full year NAV total return is 42%, outperforming the benchmark index, which returns 52%. Proposes final dividend of 5.00p per share, making total dividend payment for the year of 7.70p, unchanged on 2019 and 2020. Intends to use revenue reserves to fill Covid-19 shortfall as economies recover.
"Over the past 18 months we have been faced with very considerable near-term uncertainties resulting initially from Brexit, then from Covid. We can now hope for a gradual return to something that resembles pre-Covid normality, leading to improved prospects and greater visibility of outlook for investee companies," says Chair Liz Airey.
Current stock price: 781.00p
Year-to-date change: up 24%
By Josie O'Brien; josieobrien@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.