British Assets trust increases 2013 final dividend by 3%

DividendMax Ltd.

British Assets trust increases 2013 final dividend by 3%

Highlights

Net asset value total return of 15.2 per cent

Share price total return of 15.6 per cent

Discount at the year end of 3.9 per cent (on an ex-income NAV with debt at market value basis)

Final dividend increase of 3.0 per cent brining the total dividend for the year to 6.2522p per share, an increase of 2.3 per cent and representing a dividend yield of 4.7 per cent based on the year-end share price

Changes to the portfolio management approach

Companies mentioned