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Performance highlights

Caledonia Investments at a glance – see how our performance stacks up over time, from NAV to share price and dividends.

NAV performance

Caledonia’s strategy is to deliver long-term performance in excess of the FTSE All-Share. The success of our investment activity is reflected in our net asset value (NAV) per share. The chart below shows return performance over the last ten years and the table below shows annual performance for each of the last five years.

NAV total return over ten years
Caledonia NAVTR index
FTSE All-Share TR index
Annual performance to 31 March
NAV total return (NAVTR)
Total shareholder return (TSR)
Annual dividend growth
Annual performance to 31 March
2020
2019
2018
2017
2016
NAV total return (NAVTR)
 -8.1%
10.9%
1.4%
18%
2.6%
Total shareholder return (TSR)
-16.7%
14.8%
1.6%
21.1%
4.1%
Annual dividend growth
 3.0%
 4.0%
 4.0%
 4.2%
4.0%
Returns all assume the notional reinvestment of dividends on the ex-dividend date.

The success of our investment activity is reflected in our net asset value (NAV) per share. The chart below shows NAV performance over various periods. The investment performance has been strong over the long term, but shorter periods demonstrate that the value of investments can go down as well as up.

Periodic NAV total return
Caledonia NAVTR
Caledonia TSR
FTSE All-Share TR
Cumulative performance to 31 Mar 2020
Total return (NAVTR)
Total Shareholder return (TSR)
FTSE (All Share)
Dividend growth
Cumulative performance to 31 Mar 2020
1 year
3 years
5 years
10 years
20 years
Total return (NAVTR)
 -8%
 3%
25%
95%
440%
Total Shareholder return (TSR)
-17%
-3%
23%
91%
467%
FTSE (All Share)
-19%
-12%
3%
54%
99%
Dividend growth
  3%
 12%
21%
73%
166%
Returns all assume the notional reinvestment of dividends on the ex-dividend date.

Dividends

Caledonia has had a progressive dividend policy for many years; the chart below illustrates the growth in annual dividends over the last 20 years, with increases in line or slightly ahead of inflation extending to 53 years. We are recognised by the AIC as a Dividend Hero.

Annual dividend
Dividend (p/share)
RPI (rebased)
Annual dividend for 2020 of 61.1p/share
-compared over time
Dividend growth to 2020
Growth over the period to Mar 2020
RPI growth to 2020
Annual dividend for 2020 of 61.1p/share
-compared over time
2015
5 years
2010
10 years
2005
15 years
2000
20 years
Dividend growth to 2020
50.6p
35.3p
28.2p
23.0p
Growth over the period to Mar 2020
21%
73%
117%
166%
RPI growth to 2020
14%
33%
54%
74%

Share price performance

Caledonia has generated growth in NAV total return over the longer term – as shown above. This is reflected in a combination of growing annual dividends, occasional special dividend payments and share price performance. Over the longer term, share price growth is significant.

Share price
Share price (p)
Share price at 31 Mar 2020 of 2435p
-compared over time
Share price at 31 Mar (p/share)
Share price growth to 31 Mar 2020
Annualised growth to 31 Mar 2020
Share price at 31 Mar 2020 of 2435p
-compared over time
2015
5 years
2010
10 years
2005
15 years
2000
20 years
Share price at 31 Mar (p/share)
2281p
1625p
1367p
772p
Share price growth to 31 Mar 2020
7%
50%
78%
216%
Annualised growth to 31 Mar 2020
1.3%
4.1%
3.9%
5.9%

Source: Caledonia Investments plc and FTSE International Limited (‘FTSE’) © FTSE 2020. ‘FTSE®’ is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under license. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.