Witan trust outperforms in 2015; Dividend increased by 10%

41st consecutive rise

The £1.4bn Witan investment trust announced strong performance and a 10.4% dividend increase in its annual results.

The 107-year-old company, which invests in third-party funds, said the final dividend for the year will be 17p per share, a rise of 10.4% from 2014 and the 41st consecutive year of rising dividends. The company said shareholders also "enjoyed a further re-rating during 2015, trading at a premium for much of the period". "Witan shareholders enjoyed a successful year, with a NAV total return of 6.4%, 2.9% more than our benchmark's total return of 3.5%. "The share price total return was 5.7%, as the shares moved from a small premium at the end of 2014 to a 0.2% discount at the end of ...