John Laing bumps up dividend

John Laing Infrastructure Fund upped its dividend for last year after beating estimates to report underlying growth of 8.5 per cent in its portfolio yesterday. The listed company, which has 37 projects in its portfolio, increased its dividend by 4.2 per cent after building an £8.3m cash pile for the year ending December 2012. The firm’s market cap also broke through the half billion pound mark for the first time.