By Cliona O’Dowd.
Future Generation Australia has lifted its full-year dividend after its investment portfolio surged 22 per cent over the course of 2021, boosted by three of its pro-bono fund managers delivering returns of over 40 per cent through the year.
The listed investment company, which counts Regal Funds Management, Paradice Investment Management, Wilson Asset Management and Cooper Investors among its fund managers, on Thursday declared a 3c per share final dividend, bringing its full-year payout to 6c per share, up 15.4 per cent on the prior year.
“The increased fully franked full-year dividend to be delivered to shareholders has been achieved through the strong risk-adjusted returns of the investment portfolio,” chairman Jonathan Trollip said.
“I would like to thank all shareholders for their continued support of Future Generation Australia and their contribution to changing the lives of young Australians at risk.”
Read more in The Australian