HICL Infrastructure on monitor to satisfy dividend goal – ShareCast


HICL infrastructure mentioned on Tuesday it stays on monitor to ship its goal dividend for all the 12 months, regardless of the affect of the Covid-19 pandemic.

The London-listed infrastructure funding agency, managed by InfraRed Capital Companions, has confirmed that it nonetheless plans to pay a dividend of eight.25 pence per share for the 12 months ending 31st. March 2021.

He additionally used the interim replace to reiterate his dividend goal for 2022, additionally for eight.25 pence per share.

President Ian Russell mentioned: “HICL's well-diversified portfolio continues to display its resilience in an unsure atmosphere, with the affect of the pandemic being restricted to the minority of property uncovered to person demand.

"The corporate stays robust, nicely capitalized and nicely positioned to pursue its technique within the present market."

FTSE 250, which has a portfolio of 117 investments within the UK, Continental Europe and North America, mentioned 72% of its property have benefited from long-term PPP contracts based mostly on availability. , "which proceed to perform as meant".

Investments embrace the A63 motorway in France, Northwest Parkway in america and Excessive Velocity ​​1, the rail line connecting London to the Channel Tunnel.

Regulated property, which represented 9% of the portfolio as of September 30, 2020, had been performing as anticipated, HICL mentioned.

Russell added: "Whereas the board is inspired by the prospect of some restoration from the pandemic throughout 2021, the first focus for administrators stays the energetic administration of our property, notably throughout the subsequent few months. subsequent months. "

READ  This northeastern state has the worst infrastructure in the USA. The place is yours? - UNITED STATES TODAY & # 39; HUI


Please enter your comment!
Please enter your name here