Brief: Fidelity Special Values proposes 6% interim dividend hike

Fidelity Special Values

29/04/2022 07:33

April 29 (Reuters) - Fidelity Special Values Plc  FSV.L :
    * PROPOSES INTERIM DIVIDEND FOR THE 6M PERIOD 2.30 PENCE PER
ORDINARY SHARE
    * THE BOARD OF FIDELITY SPECIAL VALUES PLC (THE “COMPANY”)
RECOMMENDS AN INTERIM DIVIDEND OF 2.30 PENCE PER SHARE, AN
INCREASE OF 6% FROM LAST YEAR'S INTERIM DIVIDEND
    * THE COMPANY RECORDED A NET ASSET VALUE (“NAV”) TOTAL
RETURN OF
-4.5% AND SHARE PRICE TOTAL RETURN OF -4.7% WHILE THE BENCHMARK
INDEX TOTAL RETURN WAS +2.4%.
    * THE COMPANY’S NAV AND SHARE PRICE TOTAL RETURNS REMAIN
AHEAD OF
THE BENCHMARK INDEX OVER ONE, THREE, FIVE AND TEN YEARS.
    * DESPITE INCREASED MARKET VOLATILITY, THE COMPANY MOSTLY
TRADES
AT PREMIUM. 
    * THE COMPANY’S PORTFOLIO CURRENTLY TRADES ON A 20-30%
DISCOUNT TO
THE UK MARKET (BASED ON EARNINGS ESTIMATES), DESPITE THE FACT
THAT HOLDINGS OFFER STRONGER PROFIT GROWTH POTENTIAL, SUPERIOR
RETURNS ON CAPITAL AND CARRY LESS
DEBT THAN THE BROADER MARKET.

Source text for Eikon:  ID:nPRrS585Ea 
Further company coverage:  FSV.L 

 (Reporting By Pamela Barbaglia)
 ((pamela.barbaglia@thomsonreuters.com;  ;))