The Bankers Investment Trust : BNKR – final results

Alex Crooke, manager
Alex Crooke, manager

Bankers results for the year to the end of October 2013 show a 23.8% uplift in its net asset value and a closing of its discount, enabling a 33.9% share price return to investors and sufficient demand for its shares to allow it to issue 350,000 in the period. This was the first time Bankers has issued stock since 1994 and the trend has continued with 400,000 shares issued since the end of the period.

The dividend for the year has been increased by 6%, marking the 47th consecutive year of dividend increases for the trust. The directors are forecasting growth of at least 4% for the current financial year.

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