Financial Performance

Key financial and investment performance data for HICL, including its dividend history, is set out below.

Financial & Investment Highlights  
    FYE 31 March
        20171 2016 2015 2014 2013
Total Income £m     207.6 182.9 253.6 175.7 111.6
Profit Before Tax £m     177.1 157.4 231.0 153.8 93.1
Earnings p / share     12.4 11.9 18.6 13.1 10.4
                 
Portfolio Valuation (at end of period) £m     2,380.0 2,030.3 1,732.2 1,500.6 1,213.1
                 
Ongoing Charge Percentage %     1.06 1.12 1.14 1.15 1.19
                 
No. of Investments (at end of period) #     114 1042 101 93 79
Investments (in the period) £m     266.6 242.1 221.4 239.2 278.0
Divestments (in the period) £m     - 8.9 108.3 9.2 5.3
Equity Raised (net of costs) £m     369.2 176.8 75.1 107.7 270.1

NAV & Share Price Performance

       
      IPO to 2017 FYE 31 March
      (p.a.)3 2017 2016 2015 2014 2013
NAV (at end of period, cum dividend) p / share   - 149.0 142.2 136.7 126.7 120.0
NAV (at end of period, ex. dividend) p / share   - 147.1 140.3 134.8 123.1 116.4
TSR Return (NAV + dividends) %   9.6 10.3 9.6 15.4 11.9 9.4
                 
Market Capitalisation £m   - 2,743 2,212 1,984 1,641 1,412
Share Price (at end of period) p / share   - 169.0 159.3 156.5 135.9 126.5
TSR Return (share price + dividends) %   10.7 11.2 6.8 22.5 10.3 14.7
                 
Prospective Yield4 %   - 4.6 4.8 4.8 5.4 5.6
Dividend History      
      FYE 31 March
      2018 2017 2016 2015 2014 2013 2012 2011
Q1 Dividend (paid 30 September5)   p / share - 1.910 1.860 1.810 - - - -
Q2 Dividend (paid 31 December5)   p / share - 1.910 1.860 1.810 - - - -
Q3 Dividend (paid 31 March5)   p / share - 1.910 1.860 1.810 - - - -
Q4 Dividend (paid 30 June5)   p / share - 1.920 1.870 1.870 - - - -
                     
H1 Dividend (paid 31 December5)7   p / share - - - - 3.500 3.425 3.350 3.275
H2 Dividend (paid 30 June5)7   p / share - - - - 3.600 3.575 3.500 3.425
                     
Aggregate   p / share 7.856 7.65 7.45 7.30 7.10 7.00 6.85 6.70

 

Source: HICL / Thomson Reuters

  1. FYE 2017 presented on an Investment Basis to be consistent with presentation of financial statements from FYE 2013 onwards
  2. Includes one conditional investment
  3. 'IPO to 2017' provides the IPO to 31 March 2017 annualised TSR figures on a NAV- and share price-basis; in each instance, HICL has outperformed its long-term target for shareholders of 7-8% p.a.
  4. Prospective yield calculated as the target dividend for the new financial year divided by the share price on the respective 31 March date
  5. Or earlier if not a business day
  6. Target dividend for current financial year
  7. In the financial year commencing 1 April 2014, HICL moved from paying dividends on a semi-annual to a quarterly basis