The total return on net assets of Temple Bar in 2015 was -1.0% which compares with a total return for the FTSE All Share Index of 1.0%. This is the first year in which the Company has paid dividends on a quarterly basis. There have already been three interim dividend payments of 7.93p per share and the directors are now recommending a final dividend of 15.87p per share. This would give a total dividend of 39.66p, an increase for the year as a whole of 2% and the 32nd consecutive year in which the Company has increased its annual dividend payment.
There is no manager’s report in the statement so anyone who wants to know why the fund underperformed will have to read the full annual report when it is published. This will be available on our website -under the documents tab on the company page.
TMPL : Temple Bar posts modest underperformance for 2015