International Public Partnerships backs dividend aim for 2026 and 2027

International Public Partnerships Ltd on Wednesday reaffirmed its dividend targets, as it continues to ‘progress with its capital allocation priorities’.

The London-based global infrastructure investor is aiming to pay dividends of 8.79 pence per share for 2026 and 9.01p for 2027, rising from by 2.4% and then 2.5% from the 8.58p paid in 2025.

Dividends are expected to be fully covered by net operating cash flows and the annual increases are in line with the company’s long-term projected annual dividend growth rate of around 2.5%.

International Public Partnerships said it does not need to make additional investments to deliver current projected returns.

Forecast receipts from the existing portfolio are such that even if no further investments are made, the company currently expects to be able to continue to meet its existing progressive dividend policy for at least the next 25 years, it said.

In the calendar year to June 12, the firm has sold a 49% stake in the Moray East offshore transmission owner at a premium to the most recently published valuation, taking realisations since June 2023 to over £385 million, around 14% of the portfolio value as at the end of 2025.

The firm expects to announce further realisations during the second half of 2026.

The company said net asset value per share remains ‘sensitive’ to a range of external macroeconomic factors, but is expected at June 30 to be broadly in line with 151.5p at the end of 2025.

Shares in International Public Partnerships were marginally lower at 138.16p each in London on Wednesday.

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