StockMarketWire.com - 3i Infrastructure raised its full-year target dividend by 10% after it reported a 28.6% return for the year ended March 31, which was well ahead of its targeted return.

3i Infrastructure increased its target dividend for 2019 by 10% to 8.65p per share.

The firm generated a total return for the year of £479.6m, representing a 28.6% return on opening net asset value, up from £146.3 the previous year, driven strong returns from the sales of AWG and Elenia.

This performance was ahead of the target return of 8% to 10% per annum over the medium term, the firm said.

The portfolio generated income of £100m for the year, up 17% on last year, while non-income cash was £56.4m in the period, up £18.2m on last year.

'The company had an outstanding year. The realisations of our holdings in Elenia and Anglian Water Group generated exceptional value for shareholders,' said Richard Laing, Chairman of 3i Infrastructure.





At 8:00am: (LON:3IN) 3i Infrastructure Ltd share price was +0.2p at 224.2p



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