LONDON (Alliance News) - Caledonia Investments PLC Tuesday raised its interim dividend after it saw rising net asset value per share in the half-year ended September 30.
Caledonia posted an interim dividend of 13.4 pence, up 3.9% from 12.9 pence in the previous half-year.
Net asset value per share was 2,311 pence, up from 2,229 pence.
The investment trust posted a total return on net asset value per share of 2.0%, down from 18.9% at at March 31, 2013.
The company said that its quoted and unquoted investments had produced strong returns, although it had been offset by income & growth investments, which were held back as investors switched away from income producing companies to higher risk assets.
"Our portfolio continues to make steady progress, meeting our expectations and consolidating on the significant gains made last year," said Chief Executive Will Wyatt.
Shares in Caledonia were trading up 17.00 pence at 1,901.00 pence Tuesday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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Caledonia (CLDN)