FTSE 250 JLEN, the environmental infrastructure fund, has announced an increases dividend in its six month results announced this morning. Despite the difficult macro period, the board decided to increase the dividend to 3.78p from 3.57p per share and is on track to meet full year dividend target of 7.57 pence per share

Commenting on the results Ed Warner, Chair of JLEN, said:

“As JLEN approaches its tenth anniversary, the Board is encouraged by the prospects for the portfolio and proud of its track record of delivering consistent dividend and NAV growth over its life. Our valuation during the period has been resilient in the face of macro-economic headwinds and cash generation from our underlying assets has been healthy.

“The Board and the Investment Manager believe that the discount to NAV at which JLEN’s shares are currently trading materially undervalues the Company, and so represents an attractive investment opportunity. The outlook for sustainable infrastructure investment remains positive as the UK and European economies decarbonise to meet net zero emissions targets and find ways to live more sustainably. We will be suitably cautious in our approach given the prevailing uncertainties, but considering this is a long-term asset class, we view the future with confidence.”

Below is an interview with Foresight Group, the manager behind the Trust who talk us through the highlights from JLEN’s Half Year Report, an outlook and why the case for investment in sustainable infrastructure has never been stronger.