The reporting season just ended was a good one for the listed investment company sector with most LICs reporting growth in earnings. Of the 31 LICs we cover that paid dividends during the FY2018 period, 26 reported increased earnings whilst only five reported lower earnings. The results reflected the strong 12 months to 30 June 2018 for both the domestic and international markets.
During this period the S&P/ASX 200 Accumulation Index rose 13.0% and the MSCI World Total Return Index, AUD was up 15.3%. The strong earnings results saw 18 LICs increase their final dividends and 11 hold dividends flat. Two LICs paid lower final dividends.
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