JOHN Laing Infrastructure said this morning its portfolio value jumped 41.3 per cent over the year, as it unveiled an increased dividend.
The group’s portfolio value ticked up to £537.4m over the year, including acquisitions and investments. John Laing posted underlying growth in portfolio value of an expectation-beating 8.5 per cent.
Net asset value rose 22.8 per cent to £542.2m, including equity raised.
On the back of a strong year, the dividend was hiked 4.2 per cent to make 6.125p for the full year.
"JLIF has made significant progress in its second full year of trading, raising over £91m of additional capital and adding over £155m to the portfolio value through acquisitions and investments," Paul Lester, chairman of JLIF, said this morning.
In October, the company raised £60.4m through the placing of 28m shares.