3i Infrastructure (3IN)

Sector:

Financials

Index:

FTSE 250

317.50p
   
  • Change Today:
      5.00p
  • 52 Week High: 324.50
  • 52 Week Low: 284.00
  • Currency: UK Pounds
  • Shares Issued: 891.43m
  • Volume: 490,704
  • Market Cap: £2,830.30m

3i Infrastructure raises FY dividend target as assets hold up amid pandemic

By Iain Gilbert

Date: Tuesday 11 May 2021

LONDON (ShareCast) - (Sharecast News) - Jersey-based 3i Infrastructure lifted its dividend target on Tuesday after saying its assets had "held up well" amid the Covid-19 pandemic.
3i said its full-year net asset value per share had grown from 254.5p to 268.1p in the year ended 31 March, leading it to hike its dividend payout to 9.5p from 8.92p and target a dividend of 10.45p for the current financial year.

However, net gains on investments came to £118.0m, down from £128.0m a year ago, investment income slid to £92.0m from £123.0m and pre-tax profits fell from £224.0m to £206.0m for a total return on the group's opening net asset value of 9.2%.

3i also highlighted that it held a "strong liquidity position" of £463.0m in cash to help it make new investments and grow and support the company's existing portfolio.

Chairman Richard Laing said: "I am pleased to report that we achieved a return of 9.2% in the year ended 31 March 2021, in line with our target and demonstrating the resilience of our portfolio. This is the seventh consecutive year that we have met or exceeded our medium-term return target; and we have increased the dividend per share in every year of the company's existence."

As of 0840 BST, 3i shares were down 1.68% at 292.0p.

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3IN Market Data

Currency UK Pounds
Share Price 317.50p
Change Today 5.00p
% Change 1.60 %
52 Week High 324.50
52 Week Low 284.00
Volume 490,704
Shares Issued 891.43m
Market Cap £2,830.30m

3IN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.98% above the market average76.98% above the market average76.98% above the market average76.98% above the market average76.98% above the market average
51.82% above the sector average51.82% above the sector average51.82% above the sector average51.82% above the sector average51.82% above the sector average
Price Trend
1.95% above the market average1.95% above the market average1.95% above the market average1.95% above the market average1.95% above the market average
11.89% below the sector average11.89% below the sector average11.89% below the sector average11.89% below the sector average11.89% below the sector average
Income
48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average
24.68% above the sector average24.68% above the sector average24.68% above the sector average24.68% above the sector average24.68% above the sector average
Growth
66.88% below the market average66.88% below the market average66.88% below the market average66.88% below the market average66.88% below the market average
85.48% below the sector average85.48% below the sector average85.48% below the sector average85.48% below the sector average85.48% below the sector average

3IN Dividends

  Latest Previous
  Final Interim
Ex-Div 17-Jun-21 26-Nov-20
Paid 12-Jul-21 11-Jan-21
Amount 4.90p 4.90p

Trades for 21-Sep-2021

Time Volume / Share Price
16:35 75,284 @ 317.50p
16:29 88 @ 316.50p
16:29 912 @ 316.50p
16:28 546 @ 316.50p
16:28 122 @ 316.50p

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