APQ Global PLC (LON:APQ) ended the third quarter with “fairly defensive positioning” but is on track to meet its target annual dividend yield of 6%.
The investment company, which has interests across Asia, Latin America, Eastern Europe, the Middle East and Africa, paid a quarterly dividend of US$1.84 cents while book value was US$0.88 per share (69p) at the end of September.
The portfolio “rebounded significantly” over the past three months, the AIM-listed firm said, with a 3% improvement in the past month.
Income will fully cover the dividend this year said APQ, Net of funding costs, 44% of total income came from the foreign exchange portfolio, 19% from the credit portfolio with the remaining 37% from the equity and strategic portfolios.
The multitude of risks around the world remain in focus, said APQ.
“The US-China trade war shows little sRead More – Source
