International PPL may seek more firepower
International Pubic Partnerships is looking to reward shareholders with one hand and ask for a hand-out with the other in 2012.
International Pubic Partnerships is looking to reward shareholders with one hand and ask for a hand-out with the other in 2012.
The company says it is aiming to pay a dividend of 6p per share during 2012 but gave a heads-up to shareholders that a share issue could be on the cards in 2012 to fund some juicy acquisitions.
The company, which invests in infrastructure projects like hospitals and schools, says the dividend payment would be a 2.6% increase on the 2011 distribution and in line with its commitments at its flotation in 2006.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The board currently intends to continue to offer a scrip dividend alternative to those investors who wish to receive securities in lieu of a cash payment.
On the subject of possible future fund raising exercises, the company continues to review its capital position against its likely investment opportunities and believes that if the opportunities currently under consideration come, as anticipated, to fruition, then it is likely the company will seek additional capital from both shareholders and new investors by way of an equity capital raise in 2012.
INPP was flat in morning trading despite the news. Over the year to date the stock is up 3%.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Water bills set to rise by 21% a year – how to cut costs
Households could see their water bills soar by roughly 21% annually, but suppliers warn it’s not enough to address essential repairs.
By Oojal Dhanjal Published
-
Should you invest in Canada?
Canada presents a compelling opportunity for investors who want to look beyond the US. Greg Eckel of Canadian General Investments highlights four favourites
By Greg Eckel Published