HICL Infrastructure (LON:HICL) said its annual results were supported by strong operational performance, accretive asset sales and improved cash generation, as the infrastructure investment company outlined a higher dividend target and continued focus on disciplined capital allocation.
During the annual results investor presentation, Edward Hunt, Head of Core Income Funds, said HICL delivered a total net asset value return of 10.3% for the year, including NAV growth of 7.1 pence per share. He said the underlying portfolio return was 12.2%, ahead of expectations, driven by performance from the company’s growth portfolio and asset sales completed at premiums to carrying value.
