Dod101 wrote:Avantegarde wrote:Thanks. You might be interested in the example of (what was) the Standard Life UK smaller companies trust. Having drained its reserves in the past couple of years to maintain dividends, it now says it will be replenishing its reserves, implying that dividends will not grow much, if at all, in the next few years. Its rate of dividend growth has slowed down dramatically too.
Presumably that means that they either do not have realised capital gains to use or are choosing not to use them, but it sounds like a stark reminder that ITs do not all have the ability to keep paying ever increasing dividends from income or capital. Of course a smaller companies trust is probably a special case.
Dod
Not much of a dividend in the first place. Income seekers would be looking elsewhere with a current yield sub 1.5%. I think a discussion on reserves/ability to grow dividends would be more appropriate for ITs such as CTY, MUT, EDIN .
https://www.theaic.co.uk/companydata/0P ... /dividends
The dividend from AUSC has currently flat lined.
Year end annual dividend
30/06/2021 7.70p
30/06/2020 7.70p
30/06/2019 7.70p
30/06/2018 7.00p
30/06/2017 6.70p