Finsbury Growth & Income Trust has marked it’s 90th anniversary by beating its FTSE All-Share benchmark.
The trust delivered a share price total return of 9.9 per cent for the six months ending 31 March 2016, outperforming the vehicle’s benchmark the FTSE All-Share index, which delivered a total return of 3.5 per cent.
The principal contributors to the trust’s net asset value (NAV) performance were Unilever, Sage Group and Relx.
As a result, the board has declared a first interim dividend of 6.1p per share, compared with last year’s first interim dividend of 5.5p per share, an increase of 10.9 per cent.
Anthony Townsend, chairman of the trust, said the trust’s board continued to support the manager’s strategy of investing for the long-term in durable, cash-generative brands that were capable of sustained dividend growth and which should continue to deliver “superior investment returns”.
