LONDON (Alliance News) - Lowland Investment Co PLC on Wednesday said its net asset value total return was 0.8% in the year ended September 30, while the FTSE All-Share Index benchmark fell 2.3%.
The company lifted its dividend for the year to 41.0 pence, up from 37.0p the prior year.
"Interest rates and inflation are likely to head upwards during the current year but perhaps by not very much. Companies that can produce solid profit and dividend growth should attract good support. It is this sort of company that is the focus of the portfolio. The ability of your company to hold large, medium and small companies allows the fund manager freedom to find companies that will produce strong long-term growth in a challenging economic environment," Lowland Investment report said.
Shares in the company were up 0.7% at 1,325.00p on Wednesday afternoon.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Lowland Inv. (LWI)