GVF bucks losses and hikes dividends

The $73 million Global Value Fund is boosting its dividend payment to investors for 2016 after returning 13.7 per cent for the year to December, bucking the trend of stark losses in equities markets.

The listed investment company, which is chaired by finance group Meridian International Capital director Jonathan Trollip, is expected to reveal on Monday an interim dividend of 3¢ per share for 2015-16. This takes the company's anticipated full-year dividend to 6¢ per share, and is an increase from last year's 2¢ per share payout.