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Infrastructure company BBGI reported a rise in net assets in the first half of the year, driven by underlying growth in its portfolio.
For the six months ended 30 June, net asset value was up 10.8% to £858.1m and NAV per share was up 2%.
The company declared an interim dividend declared of 3.50pps, and said it would target a minimum dividend of 7.00pps up 3.7% on the 2018 dividend.
For 2020, the company guideded a dividend of 7.18pps, representing an increase of 2.6%.
'The company's portfolio continued to perform in line with expectations due to the sustaina'bility of the long-term cash flows our portfolio's assets generate, and the security and predictability of the government or government-backed contracts that underpin them,' BBGI said.