IN BRIEF: Artemis Alpha ups dividend as ‘confident’ for prospects

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Artemis Alpha Trust PLC - London-based investment trust focusing on the UK - Net asset value amounts to 366.02 pence per share as at April 30, down 0.4% from 367.64p a year earlier. NAV total return for the year is 1.3%, compared to the FTSE All-Share index of 6.0%. Says the second half of the year showed a ‘stronger relative performance than the first half’.

Declares a final dividend of 3.87 pence per share, up 12% from 3.46p the year before. Total dividend for the year stands at 6.20p, up 11% from 5.60p a year earlier. Looking ahead, says it is confident in the prospects for ‘individual stocks and convinced of the under-valuation of many UK companies’.

Current stock price: 306.60 pence each, down 0.8% on Wednesday afternoon in London

12-month change: up 2.2%

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