Foreign and Colonial makes good on divi pledge

Investment trust titan Foreign and Colonial has increased its dividend by a third as it makes good on its promise to be more generous with dividend payments.

Investment trust titan Foreign and Colonial has increased its dividend by a third as it makes good on its promise to be more generous with dividend payments.

The announcement came after the trust announced an increase in the net asset value per share to 342.6p at the end of June from 326.57p at the end of 2011, though the end-June figure was down from 362.6p a year earlier.

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