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ICG Enterprise Trust PLC on Thursday proposed a higher dividend despite its net asset value total return performing worse than a comparator index.
The London-based investor in North America and Europe buyouts said net asset value per share rose 8.6% to 2,072.9 pence each as at January 31, from 1,909.4p a year ago.
NAV total return was 10.5% in the financial year ended January 31, lower than the FTSE All-Share index, which had a return of 17.1%.
ICG proposed a final dividend of 10.5p per share, up 17% from 9.0p a year ago. This brings the total payout for financial 2025 to 36p, up 9.1% from 33p.
Looking ahead, Chair Jane Tufnell said: ‘Our focus on investing in private equity-owned companies that have resilient growth characteristics gives shareholders access to investments that they cannot reach through public market strategies. ICGT plays a valuable role in our shareholders’ portfolios. I believe there is substantial value in our portfolio and in the new investments the manager is making on our shareholders’ behalf. Our portfolio is performing well, and I thank all shareholders for your continued support.’
ICG Enterprise shares rose 1.0% to 1,200.00 pence each on Thursday morning in London.
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