The F&C Global Smaller Companies Investment Trust yesterday announced it had beaten its benchmark, and would make its 42nd consecutive dividend hike. Shares gained 0.8 per cent in the year to 30 April while net asset value total return was down 0.1 per cent. That compares to the trust’s benchmark, which fell four per cent. The board announced a final dividend payment of 4p a share, a 14.3 per cent increase on last year. The trust said small cap firms in the UK and Japan performed relatively well compared to the broader market.