International Public Partnerships maps out dividend growth

International Public Partnerships has mapped out its planed dividend increases for the next couple of years as it reports its final results for the year ended 31 December 2014. The full year dividend for 2014 was 6.3p, up from 6.15p in 2013. The Board says the minimum target for 2015 is 6.45p and for 2016 6.65p.

The net asset value grew by 3% in 2014 to 127p.

The portfolio was expanded, in part funded by share issues totalling £95m during the year. They made additional investments of £188m – many of which we have been reporting on the QuotedData website. They sold off non-strategic stakes in a few projects for £22m.

One of the interesting stats they have released is the projected impact of inflation on the portfolio – they say an increase of 1% in inflation adds 0.85% to returns.

International Public Partnerships describe the market for their investments as buoyant but they caution that competition for assets in the secondary market has pushed pricing to levels that they believe would not be accretive to our portfolio. As a way of opening up a wider range of opportunities for the fund, Amber, the investment manager, has announced a tie up with Hunt Companies Inc in the US (Hunt are taking a 50% stake)as it mulls increasing exposure to that market for INPP.

INPP : International Public Partnerships maps out dividend growth