Share Search
Visit the Share Search
3i Infrastructure on track to pay target dividend
1st Feb 2022 07:11
(Sharecast News) - 3i Infrastructure said income in the third quarter was as expected and it was on track to pay its target annual dividend.
Income and non-income cash was £26m in the three months to the end of December compared with £24m a year earlier. The 2022 dividend is on track to rise 6.6% to 10.45p a share, the FTSE 250 company said.
3i Infrastructure said it increased its revolving credit facility by £200m to £600m in December and agreed an extra one-year credit facility of £400m from existing lenders, taking its total credit facilities to £1bn.
Phil White, managing partner, said: "The portfolio has seen strong performance since the beginning of the financial year, and has met our income expectations. We have increased our credit facilities to ensure that we continue to have ample liquidity to make further new investments."
Income and non-income cash was £26m in the three months to the end of December compared with £24m a year earlier. The 2022 dividend is on track to rise 6.6% to 10.45p a share, the FTSE 250 company said.
3i Infrastructure said it increased its revolving credit facility by £200m to £600m in December and agreed an extra one-year credit facility of £400m from existing lenders, taking its total credit facilities to £1bn.
Phil White, managing partner, said: "The portfolio has seen strong performance since the beginning of the financial year, and has met our income expectations. We have increased our credit facilities to ensure that we continue to have ample liquidity to make further new investments."