Schroder UK Mid Cap Fund Plc is pleased to announce an increased interim dividend of 6 pence per share for the financial year ending 30 September 2024, a 9.1% increase on the prior year. This will be payable on 9 August 2024 to shareholders registered at the close of business on 12 July 2024.
Other financial highlights include:
- The Company's NAV achieved a positive return of 9.3% during the period, however this was below the 11.4% return for the Benchmark. Over the long term the Company's performance has outperformed the Benchmark over the last 5 and 10 years.
- UK Mid-cap indices outperformed the broader UK market and were spurred by improving fundamentals as well as continued merger and acquisition activity in the sector.
- Relative performance over the period was impacted by a sharp rotation within the Mid-cap universe away from long term growth businesses towards more interest rate sensitive businesses linked to the interest rate cycle.
