To pay final div of 34.5 pence/share (Il Sole 24 Ore Radiocor) - London, 09 May - The UK investment firm 3i Group said that in the full year ended March 31 total return fell to 3.839 billion pounds, or 23% on opening shareholders' funds, from 4.585 billion a year earlier, or 36% on opening shareholders' funds.

Net asset value per share stood at 2,085 pence at the end of March against 1,745 pence a year earlier.

The group will pay a total dividend of 61 pence per share for the fiscal year, with a second dividend of 34.5 pence per share to be paid in July 2024.

"Our dividend policy is to maintain or grow the dividend year on year, subject to the strength of our balance sheet and the outlook for investments and realisations," said the chair David Hutchison.

"In the near term, we expect our investment and realisation activity to reflect our cautious view on the M&A market and wider macro-economic environment. We will only deploy capital and realise assets when we feel we are achieving optimal value for our shareholders," he added.

"Trading momentum at the start of FY2025 remains strong at Action, whilst a number of our other assets are well positioned to continue to grow despite the uncertain macro-economic outlook.".

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(RADIOCOR) 09-05-24 12:21:57 (0315) 5 NNNN