(Alliance News) - Temple Bar Investment Trust PLC on Wednesday boosted its dividend by 10% and said it beat its benchmark index in its recently-ended financial year.
Temple Bar's net assets total return in 2019 came in at 28%, beating the FTSE All-Share Index, the company's benchmark, which returned 19%.
Net assets climbed 23% year-on-year to GBP985.1 million from GBP802.2 million. Per share, it rose at the same rate to 1,473.13 pence each from 1,199.56p.
Shares in the company were 0.8% higher at 1,366.85p each on Wednesday in London.
Temple Bar, which has already paid three dividends of 11.0p, proposed a final payout of 18.39p. Should it be approved, Temple Bar's total dividend for 2019 will be 51.39p, 10% higher than in 2018.
On 2020, Temple Bar said: "The current year has not started well for value investors, with January seeing a return of investors' appetite for momentum stocks. Time will tell whether
this situation will continue for an extended period."
By Eric Cunha; ericcunha@alliancenews.com
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Temple Bar Investment Trust (TMPL)