F&C dividend rises for 52nd consecutive year

By the end of 2022, FCIT's share price was 904p, a total return of -0.9%, compared with -7.7% for the FTSE All-World index. In terms of NAV, the total return was -5.3% with debt at market value, but FCIT said it was still above its benchmark. The final dividend will be 3.9p per share, subject to shareholder approval, bringing the total dividend for the year to 13.5p per share - a 5.5% increase, and the 52nd consecutive annual rise. F&C suffers 11.8% portfolio loss despite gains from PE exposure Over the ten-year period to the end of 2022, FCIT delivered a total shareholder retur...