Investment Trusts - results website

[DeeKie]

I came across this website this morning in some research on investment trust. It makes for interesting reading I think.

Investment company dividend heroes

www.theaic.co.uk

It lists 20 investment companies that have increased their dividends for 20+ consecutive years.

The AIC’s dividend hero investment companies

Company	AIC sector	Number of consecutive years dividend increased​	Dividend yield at 28/02/19 (%)​
City of London	UK Equity Income	52​	4.53​
Bankers	Global	52​	2.33​
Alliance Trust	Global	52​	1.83​
Caledonia	Flexible Investment	51​	1.95​
BMO Global Smaller Companies	Global	48​	1.15​
F&C Investment Trust	Global	48​	1.63​
Brunner	Global	47​	2.44​
JPMorgan Claverhouse	UK Equity Income	46​	3.92​
Murray Income	UK Equity Income	45​	4.38​
Witan	Global	44​	2.50​
Scottish American	Global Equity Income	39​	3.10​
Merchants	UK Equity Income	36​	5.41​
Scottish Mortgage	Global	36​	0.62​
Scottish Investment Trust	Global	35​	2.67​
Temple Bar	UK Equity Income	35​	3.38​
Value and Income	UK Equity Income	31​	4.54​
BMO Capital & Income	UK Equity Income	25​	3.68​
British & American	UK Equity Income	23​	18.14​
Schroder Income Growth	UK Equity Income	23​	4.31​
Invesco Income Growth	UK Equity Income	21​	4.38​

Source: AIC/Morningstar

 

[Susie2017]

Is the dividend net of management fees ?

 

[jpd]

In the case of UK Equity Income, the dividend paid out in 2019 was 18.6p
The closing share price on 28/10/2019 was 419p so dividend yield is 18.6 / 419 x 100 = 4.44%

The managemant charges fees of 0.33% annually but these would normally be included in the Trust's P & L as an expense

The annual report is available here [broken link removed]

 

[galway_blow_in]

I know we can't speak about individual companies on this site but the one listed on the very top has a yield of over 4% net of management fees.

That would appear to be a superior investment to most reits?

It's just you often hear REIT, s being touted due to the diversity they provide but at the end of the day, it's diversity within one asset class

Surely investment trusts with multi decade long stable dividends offer superior risk management?

 

[DeeKie]

That’s what I wondered too. I posted the list up in the hope that someone would figure out the catch.