Polar Capital Global Financial says performs well in 'turbulent' year
Polar Capital Global Financial Trust PLC said on Thursday it achieved a net asset value return in line with its benchmark, along with a double-digit dividend boost.
The investor in financial companies reported net asset value per share growth of 11% to 229.74 pence in the year ended on November 30, from 207.66 pence the year prior.
Polar Capital Financial shares closed down 0.2% at 232.00 pence each on Thursday in London.
The NAV total return for the year came in just short of 14%, equal to the return from its benchmark, the MSCI ASWI Financials index.
The trust announced a second interim dividend of 2.55p, bringing the full dividend paid to 6.75p in 2025, up 44% year-on-year from 4.70 pence.
Chair Simon Codery said that against a ‘turbulent’ backdrop ‘the company performed well’ and that, after the cancellation of the share premium account, the company will aim to pay from now on a dividend of approximately 4% of its net asset value.
Codery added: ‘Financials as a sector rewarded investors well this past year and the outlook remains positive. The macro backdrop, while not entirely benign, is constructive and for banks...much improved on the challenging years of very low interest rates. The sector is diverse and remains the second largest sector after technology. The improving regulatory environment is a positive tailwind which should encourage investors to allocate more to the sector over time. Valuations remain low relative to the wider market, so capital allocators may well start to pay more attention. Our managers have a positive view for the coming year.’
Copyright 2026 Alliance News Ltd. All Rights Reserved.