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Interim Results

BBGI increases dividend target

31 August 2016 07:57

BBGI SICAV reports an increase in net asset value on an investment basis to £521.78 million at 30 June from £479.84 million at 31 December.

Investment basis NAV per share rose to 120.8 pence at 30 June from 111.5p at the end of December - an increase of 8.31%.

The 2015 final dividend of 3.00 pence per share was paid on 29 June, resulting in a total dividend payment of 6.00 pence per share for the year ended 31 December, which was in line with target.

The board has increased its 2016 dividend target from 6.00 pence per share to 6.25 pence per share which represents an increase of 4.16%.

A 2016 interim dividend of 3.125 pence per share has been declared today and will be paid on 26 October 2016.

Story provided by StockMarketWire.com

Related Company: BBGI

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