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Temple Bar Investment Trust return beats benchmark, lifts dividend 10%

By BFN News | 01:17 PM | Wednesday 19 February, 2020

Temple Bar Investment Trust notched a total return on its net assets in calendar 2019 of 28%, beating its benchmark. In the year through December, the FTSE All Share Index posted a total return of 19.2%. Temple Bar paid a final dividend of 18.39p per share, bringing total payouts for the year to 51.39p, up 10% on-year. The company's top five holdings included Capita, GlaxoSmithKline, Travis Perkins, Shell and BP. 'The current year has not started well for value investors, with January seeing a return of investors' appetite for momentum stocks,' the company said. 'Time will tell whether this situation will continue for an extended period.' 'Nonetheless, with our experienced, well-resourced management team we believe that Temple Bar is well placed to generate significant returns for shareholders over the longer term.' At 1:17pm: (LON:TMPL) Temple Bar Investment Trust PLC share price was +9p at 1365p Story provided by

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