Northern Investors NAV up

Northern Investors Company has reported that its net asset value (NAV) per share at 31 March 2017 was 508.4p which.

The Company said that, when adding back the 250p per share returned to shareholders through a B share redemption in January 2017, this represents an increase of 10.7% from the corresponding figure of 685.4p at 31 March 2016.

The total return per share for the year as shown in the income statement was 99.6 pence, equivalent to 14.5% of the opening NAV.

The directors have proposed a dividend for the year ended 31 March 2017 of 30.0p per share.

At 1:09pm: (LON:NRI) Northern Investors Company Plc share price was 0p at 545p