Australia's Future Generation Global rises on strong FY dividend

Future Generation Global

15/02/2022 02:06

** Shares of Future Generation Global Investment  FGG.AX 
rise as much as 2.1% to A$1.445, post their biggest intraday pct
gain since Feb. 2
    ** Investment co declares https://www.asx.com.au/asxpdf/20220215/pdf/455zq0m0s3jt5n.pdf
 fully franked FY dividend of 6 AU cents ($0.4276) per share,
representing a 200% increase on the FY20 fully franked full-year
dividend
    ** Says this has been achieved through profits reserve
available and the performance of its investment portfolio since
inception
    ** Stock down ~11.8% YTD, as of last close 
    
($1 = 1.4033 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))