John Laing Infrastructure in portfolio value jump

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.