Witan raises Pacific trust dividend by 33%

The Witan Pacific investment trust has declared a final dividend of 2.8p, a rise of one-third year on year, after seeing the NAV soar more than 25%.

The £166m trust's NAV total return for the year to end of January was 25.8% compared to the benchmark return of 20%, adjusted for sterling. The trust, which is managed by both Aberdeen Asset Managers and Nomura Asset Management, said it would also be looking to grow the dividend further after introducing a new commitment to capture increasing payouts from Asian companies. It said in a statement this morning: "The company has also adopted a new policy which aims to grow the dividend in real terms, reflecting the expected growth prospects for payouts in the region." The results are f...