Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
3i Infrastructure tops full-year total return target
(Sharecast News) - 3i Infrastructure announced a successful financial year on Wednesday, reporting an 11.4% return for the 12 months ended 31 March, topping its target for a total return of 8% to 10% per annum over the medium term. The FTSE 250 company said it had consistently met or exceeded that target over the long term.
It also delivered its 2024 dividend target, and raised the target dividend for the 2025 financial year by 6.3%.
The year saw a total return of £347m, representing an 11.4% return on its opening net asset value.
Despite that, the firm's share price did not fully reflect the growth in its net asset value, resulting in a total shareholder return (TSR) of 8.1%, slightly below the FTSE 250's return of 8.7% in the same period.
However, since its initial public offering, 3i Infrastructure had maintained an annualised total shareholder return of 11.5%, outperforming the broader market.
Regarding dividends, the company met its 2024 target, paying out a full-year dividend of 11.9p per share, a 6.7% increase from the prior year.
Looking ahead, 3i Infrastructure said it would continue its progressive dividend policy, with a total dividend target of 12.65p per share for 2025, reflecting a 6.3% increase.
The company's annual general meeting (AGM) was scheduled for July 4, where new board appointments would be confirmed.
Martin Magee and Jennifer Dunstan would stand for election as non-executive directors, while Wendy Dorman and Samantha Hoe-Richardson would retire from the board.
Despite challenges such as interest rate hikes early in the financial year, 3i Infrastructure remained optimistic about its outlook.
The firm said its portfolio consisted of resilient businesses aligned with long-term megatrends, providing essential services to communities.
"3i Infrastructure continues to deliver long-term sustainable returns," said chair Richard Laing.
"I am pleased to report that we achieved another year of outperformance, with a total return of 11.4% in the year ended 31 March.
"This is the 10th consecutive year that the company has met or exceeded its target return."
At 0906 BST, shares in 3i Infrastructure were up 0.23% at 339.79p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
