Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Investment company 3i Infrastructure reported a drop in total income but said it would target a 6.5% dividend hike for 2021 as its portfolio continues to perform in line with its medium-term return.
From 1 October 2020 to 30 March 2021, total income and non-income cash was £69 million, in line with its expectations, down from £82 million in the same period last year.
At 30 March 2021, the company's cash balance was £462 million.
For 2021, the company is on track to deliver its 'dividend target for the year ending 31 March 2021 of 9.80 pence per share, a year-on-year increase of 6.5%.'