Caledonia Investments increases its 2016 full year dividend by 4%

DividendMax Ltd.

Caledonia Investments increases its 2016 full year dividend by 4%

Financial highlights


31 Mar 2016 

31 Mar 2015 


Net asset value per share total return




Net asset value per share




Net asset value




Annual dividend per share






NAV total return 2.6% for the year ended 31 March 2016



Annual dividend up 4.0% to 52.6p per share, the forty-ninth consecutive annual increase



Continued outperformance against the FTSE All-Share over ten years



Volatility in the global equity markets was more than offset by the strong performance from the Unquoted and Funds pools



Two sizeable acquisitions in the year - Seven Investment Management for £74m and Gala Bingo for £92m, both trading in line with expectations



Completed sale of TGE Marine generating proceeds of £79m (3.5x multiple of money invested)



Year end net cash of £23m and unutilised facilities of £175m

Will Wyatt, Chief Executive, commented:

"Caledonia has reported another year of positive performance, demonstrating the continued effectiveness of our longer term investment strategy. We achieved an NAV total return of 2.6% in a year when markets fell and increased the annual dividend by 4%, the 49th consecutive year of dividend growth.

"Our investment strategy focuses on high quality businesses and funds providing shareholders with a balanced exposure to asset classes and markets. This has been key in our ability to maintain our outperformance of the FTSE All-Share over the long term. Markets remain volatile, however, we are confident that our investment strategy will continue to deliver its return objectives over the long term, including a sustainable growing annual dividend."

Companies mentioned