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Fidelity Special Values Annual Results Announcement

Fidelity

Fidelity - Research team

The Company has announced its results for the 12 months ended 31 August 2023

Key Highlights:

  • Fidelity Special Values PLC reports a +5.9% NAV and a +5.6% share price rise against a Benchmark return of +5.2%.
  • The Board recommends a final dividend of 6.27 pence per share which together with the interim dividend payment of 2.53 pence per share (totalling 8.80 pence) represents an increase of 13.5% over the prior year.
  • In an environment of rising interest rates, the overweight exposure to banks was the largest contributor to performance.
  • The Portfolio Manager believes we are potentially in the very early stages of a long-term rally in value stocks.

Please access the full results here