StockMarketWire.com - Scottish Mortgage Investment Trust declared an interim dividend of 1.39p per share, which was unchanged from the previous year.I
StockMarketWire.com – Scottish Mortgage Investment Trust declared an interim dividend of 1.39p per share, which was unchanged from the previous year.
Its net asset value rose by 17.5% over the first half, though the company said that six months was too short a period over which to evaluate its investment strategy.
Looking ahead, the company said it may have to chose whether to cut the dividend in the second half, or pay it out of capital profits, should there be no sizeable increase in the income received from its portfolio.
“Currently, no such significant increase in revenue is anticipated,” it said.
“The board will review the position again at the end of the financial year, once all of the final figures are known. With this in mind the board proposes to pay an interim dividend of 1.39p, which is unchanged from the same period last year.”
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