- Infrastructure investment company BBGI raised its dividend target after reporting a rise in first-half net assets as its portfolio experienced no material impact from the Covid-19 pandemic.

Investment basis net asset value was up 0.3% to £860.8m as at 30 June 2020, compared with £858.6m seen at 31 December 2019.

A combined £17.9m was invested to finance three new and follow-on acquisitions during the period.

The company targeted a 2020 dividend of 7.18pps up 2.6% on the 2019 dividend, and said it would target a 2021 dividend of 7.33pps, up 2.1% on the 2020 dividend target.

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