F&C trust raises dividend 33pc

Michael Bow
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FOREIGN & Colonial Investment Trust yesterday announced plans to increase its September dividend payment by a third after selling a stake in Facebook.

The £2.5bn trust said it will increase its dividend 33 per cent to 4p after a £9m cashflow increase from its private equity portfolio.

This was led by the trust’s “partial” disposal of social network giant Facebook following its IPO in May.