The total return on the net assets of Temple Bar in 2016 was 20.4% which compares with a total return of the UK market of 16.8%. There have been three interim dividend payments during the year each of 8.09p per share and the directors are now recommending a final dividend payment for the year ended 31 December 2016 of 16.18p per share. If approved this would give an increase in the total dividend payment for the year as a whole of 2%.
There is no report from the manager in the statement which is a shame as Alistair Mundy is usually quite interesting. The chairman believes Temple Bar’s return to form is down to better conditions for value investors.
