B.P. Marsh raises dividend as portfolio continues to develop
Source - SMW
B.P. Marsh, the niche venture capital provider to early stage financial services businesses, reported cash balance of £5.4m for the year ended 31 January 2018 and raised its dividend by a penny.
The company increased its dividend by 1p to 4.76p for the year to 31 January 2018, payable July 2018.
The company said realisation of Besso and Trireme delivered substantial cash reserves that the was deployed in four new insurance intermediary investments in the US and London, while affirming that its opportunity pipeline remained strong.
The group was presented with a total of 77 new opportunities during the year, in comparison with 84 and 71 in preceding years. Of the 77, the majority were in the insurance sector, with 41 insurance intermediary enquiries, or 53%.
At 9:44am: (LON:BPM) B.P. Marsh Partners PLC share price was +10p at 255p