Target dividend per share of 7.85p for the year to March 2018 represents a year-on-year increase of 2.6%, while pre-tax profits climbed from £157.2m a year ago to £176.8m.
The latest fund raising move, follows its recent £260m equity issue, which was more than three times oversubscribed.
Following a two-year succession plan at HICL’s investment adviser InfraRed, Harry Seekings has now assumed leadership of the management of the trust.
Ian Russell, chairman of the board, said portfolio performance had exceeded expectations.
“We remain disciplined in our approach and are committed to ensuring that new investments enhance the existing portfolio,” he said.
“During the year we invested £266.6m in 10 new and five incremental investments, which increased both the scale and the diversity of the company’s portfolio.
“We are well placed to take advantage of new investment opportunities in our pipeline and, since the year-end, have secured an interest in Affinity Water which brings new benefits to the portfolio, including enhanced inflation correlation, which has increased from 0.6 at 31 March 2016 to 0.8 currently.”
Over the 10 years following its IPO in 2006, HICL has delivered returns to shareholders of 9.6% per annum, exceeding the target set at IPO of 7-8%.
