The Bankers Investment Trust PLC Announces Final Dividend, Payable on February 29, 2016; Provides Dividend Guidance for the Year 2016; Reports Audited Earnings Results for the Year Ended October 31, 2015
January 18, 2016 at 09:07 am
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The Bankers Investment Trust PLC announced a final dividend of 4.00 pence per ordinary share will be paid, if approved by shareholders at the AGM, on February 29, 2016 to shareholders on the register on January 29, 2016. The company's shares go ex-dividend on January 28, 2016.
For the year 2016, the company expects to increase in 2016 dividend of at least 4.4%.
The company reported audited earnings results for the year ended October 31, 2015. For the year, the company reported total income of £63,529,000 against £32,363,000 a year ago. Profit before finance costs and taxation was £59,760,000 against £28,988,000 a year ago. Profit before taxation was £56,678,000 against £26,705,000 a year ago. Profit for the year and total comprehensive income was £55,823,000 or 49.76 pence per basic and diluted share against £25,930,000 or 23.17 pence per basic and diluted share a year ago. Net cash outflow from operating activities was £8,542,000 against £484,000 a year ago. Net asset value increase of 5.7%.
The Bankers Investment Trust PLC is an investment company. The Companyâs investment objective aims to achieve capital growth in excess of the Financial Times Stock Exchange (FTSE) World Index and dividend growth greater than inflation, as measured by the United Kingdom Consumer Price Index (CPI), by investing in companies listed throughout the world. It invests in equities, debt securities and cash management, investment trusts, collective funds, and derivatives. It invests in various sectors, such as technology, industrials, financials, consumer discretionary, health care, consumer staples, telecoms, energy, basic materials, real estate, and utilities. Janus Henderson Fund Management UK Limited is an alternative investment fund manager of the Company. Its portfolio of investments across various countries includes North America, Europe, United Kingdom, Japan, and Pacific Regio. Janus Henderson Fund Management UK Limited is an alternative investment fund manager of the Company.
The Bankers Investment Trust PLC Announces Final Dividend, Payable on February 29, 2016; Provides Dividend Guidance for the Year 2016; Reports Audited Earnings Results for the Year Ended October 31, 2015