Investment Trusts with 10-year consecutive dividend increases (April 2023)

[Itsallaguess]

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Below is a table of income-related Investment Trusts that can currently show a record of consecutive dividend increases for at least 10 years, and which currently deliver a yield of 2.9% or over.

The left-hand column URL link can be used to open the relevant AIC page for each Investment Trust, where more granular information can be found related to each IT, such as underlying portfolio holdings and broader dividend and capital performance measures.

The table is ranked by AIC Sector, and then in order of descending yields within each sector.

As always, the table should not be used for any investment process without further due-diligence being carried out...

Cheers,

Itsallaguess



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[Tedx]

Very useful, thanks.

[moorfield]

Very useful IAAG. And 14 sectors I note. Now, if you could only find a 15th...

[OhNoNotimAgain]

What does this actually tell you?

[moorfield]

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L=CT Global Managed Portfolio Income||CMPI||Flexible Investment||11||33.96||15.53||0.87||5.69
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Note this one is essentially a "fund of funds" or "IT of ITs" - it holds several other ITs on the list, which you may as well hold directly if you are building a tight 15-share HYP (oops) PHY for income.

[moorfield]

What does this actually tell you?

There's a clue in the thread title.

[Tedx]

What does this actually tell you?

As above

[88V8]

‎
Below is a table of income-related Investment Trusts that can currently show a record of consecutive dividend increases for at least 10 years, and which currently deliver a yield of 2.9% or over.....the table should not be used for any investment process without further due-diligence being carried out...

Thankyou.
Yes indeedy, when it starts with that value-eater HFEL... which unfortunately I hold...

V8

[OhNoNotimAgain]

What does this actually tell you?

As above

It is completely meaningless data for the following reasons:

The world is a very different place from 10 years ago, not least because QE has ended.

Some companies no longer exist and others have morphed into different animals.

Last, but not least, I doubt if any of the managers are the same now as 10 years ago. And, in any event, their investment styles are totally personal and have no persistency. No IM writes down his investment process because, if he does, he immediately writes his UB40. All you are doing is trying to quantify the feeling in someone's water.

Totally pointless exercise in data crunching.

[Dod101]

‎
Below is a table of income-related Investment Trusts that can currently show a record of consecutive dividend increases for at least 10 years, and which currently deliver a yield of 2.9% or over.....the table should not be used for any investment process without further due-diligence being carried out...

Thankyou.
Yes indeedy, when it starts with that value-eater HFEL... which unfortunately I hold...

V8

One of the interesting measures is the 3 year Total Return and on that basis just look at Law Debenture compared to HFEL. Which would you rather hold?

The one stat missing is the size of the fund in each case but I guess if you are interested that is not difficult to find.

NNNHA has made a rather odd claim I think. I wonder where he would start were he looking to buy an IT with a decent yield. Got to start somewhere. I do not imagine that the author is recommending buys on the basis of the table.

Thanks to IAAG for the table.

Dod

[Arborbridge]

Thankyou.
Yes indeedy, when it starts with that value-eater HFEL... which unfortunately I hold...

V8

One of the interesting measures is the 3 year Total Return and on that basis just look at Law Debenture compared to HFEL. Which would you rather hold?

The one stat missing is the size of the fund in each case but I guess if you are interested that is not difficult to find.

NNNHA has made a rather odd claim I think. I wonder where he would start were he looking to buy an IT with a decent yield. Got to start somewhere. I do not imagine that the author is recommending buys on the basis of the table.

Thanks to IAAG for the table.

Dod

I hold both HFEL and LWDB, for different reasons. LWDB came out of looking at past performance and is one of my longest held ITs, along with CTY. When I say longest, I mean since around the 1980s I believe - way before I needed to think of income generation. Although ITs, the market and managers undoubtedly "morph" this one I've not regretted holding on to.
I've often meant to ditch LWDB because it does not "conform" - it has a rather strange and slightly worrying structure which makes it riskier in my perception. OTOH, it seems to have worked rather well.

I guess the question is, if one is living on the dividends only, does one have enough capital to live on a low yield? LWDB is a moderate yield at present, but in the past has been much lower, so I don't think it would have been bought to supply my pension requirement.

Arb.

[Dod101]

One of the interesting measures is the 3 year Total Return and on that basis just look at Law Debenture compared to HFEL. Which would you rather hold?

The one stat missing is the size of the fund in each case but I guess if you are interested that is not difficult to find.

NNNHA has made a rather odd claim I think. I wonder where he would start were he looking to buy an IT with a decent yield. Got to start somewhere. I do not imagine that the author is recommending buys on the basis of the table.

Thanks to IAAG for the table.

Dod

I've hold both HFEL and LWDB, for different reasons. LWDB came out of looking at past performance and is one of my longest held ITs, along with CTY. When I say longest, I mean since around the 1980s I believe - way before I needed to think of income generation. Although ITs, the market and managers undoubtedly "morph" this one I've not regretted holding on to.
I've often meant to ditch LWDB because it does not "conform" - it has a rather strange and slightly worrying structure which makes it riskier in my perception. OTOH, it seems to have worked rather well.

I guess the question is, if one is living on the dividends only, does one have enough capital to live on a low yield? LWDB is a moderate yield at present, but in the past has been much lower, so I don't think it would have been bought to supply my pension requirement.

Arb.

In today's rather strange market where we can have high and apparently secure yields from the likes of L & G, Phoenix Holdings, PHP and the two tobaccos, holding Law Debenture should be no problem and it provides some easy diversification.

Dod

[Itsallaguess]

Last, but not least, I doubt if any of the managers are the same now as 10 years ago.

And, in any event, their investment styles are totally personal and have no persistency.

The table of presented data only lists income-related Investment Trusts that have persistently raised their dividend every single year, for periods of between 10 years and 56 years -

https://www.theaic.co.uk/income-finder/dividend-heroes

Long term strategic persistence related to income-investment is at the very heart of the data being presented...

Cheers,

Itsallaguess

[richfool]

Last, but not least, I doubt if any of the managers are the same now as 10 years ago.

And, in any event, their investment styles are totally personal and have no persistency.

The table of data only lists income-related Investment Trusts that have persistently raised their dividend every single year, for periods of between 10 years and 56 years -

https://www.theaic.co.uk/income-finder/dividend-heroes

Long term strategic persistence is at the very heart of the data being presented...

Cheers,

Itsallaguess

Thanks for the informative table, but wouldn't it be far more logical to post a table of Investment Trusts' dividend performance on the Investment Trusts and Unit Trusts" board. Those interested in Investment Trusts would be more likely to see it there. Indeed I rarely look at other boards, such as the "High Yield Shares or Strategies" board and only stumbled on this thread by chance.

That would seem even more appropriate as I note the thread has digressed into discussions about specific IT's.

[88V8]

The table of data only lists income-related Investment Trusts ...

Thanks for the informative table, but wouldn't it be far more logical to post a table of Investment Trusts' dividend performance on the Investment Trusts and Unit Trusts" board. Those interested in Investment Trusts would be more likely to see it there.

Yeah, but.... those interested in ITs already know most of this stuff, but by posting on this wider Board it gives a heads-up to those fresh Lemons who might not previously have given much thought to ITs...

V8

[MDW1954]

Thanks for the informative table, but wouldn't it be far more logical to post a table of Investment Trusts' dividend performance on the Investment Trusts and Unit Trusts" board. Those interested in Investment Trusts would be more likely to see it there. Indeed I rarely look at other boards, such as the "High Yield Shares or Strategies" board and only stumbled on this thread by chance.

That would seem even more appropriate as I note the thread has digressed into discussions about specific IT's.

Super suggestion! Thank you. I've COPIED the thread to there, locked it, and given posters there the URL so that they can post any replies here.

MDW1954

Moderator Message:
Superceded. See below. --MDW1954

[Dod101]

I am obviously too dim to understand the machinations of the postings to the various boards. I agree with 88V8 on this. High Yield Strategies can cover all sorts! It is in fact my main interest but ITs are but a small item on the side for me.

Dod

[Arborbridge]

Just a notice flagging a X-post would be enough.

To pick up on items I may not be awre of, or find fresh subjects, I always check the new posts on quick links.

Moderator Message:
Thanks guys! I've re-done it as a cross-post, in the light of your feedback. We aim to please.... --MDW1954

[Itsallaguess]

Just a notice flagging a X-post would be enough.

To pick up on items I may not be awre of, or find fresh subjects, I always check the new posts on quick links.

Moderator Message:
Thanks guys! I've re-done it as a cross-post, in the light of your feedback. We aim to please.... --MDW1954

Appreciated Malcolm.

Quite why richfool couldn't have carried out such a simple process himself is frankly beyond me, but hopefully he can learn from this common and conventional process for future situations where he'd like to make readers of other boards aware of things that he thinks might interest them.

Cheers,

Itsallaguess

[richfool]

Just a notice flagging a X-post would be enough.

To pick up on items I may not be awre of, or find fresh subjects, I always check the new posts on quick links.

Moderator Message:
Thanks guys! I've re-done it as a cross-post, in the light of your feedback. We aim to please.... --MDW1954

Appreciated Malcolm.

Quite why richfool couldn't have carried out such a simple process himself is frankly beyond me, but hopefully he can learn from this common and conventional process for future situations where he'd like to make readers of other boards aware of things that he thinks might interest them.

Cheers,

Itsallaguess

I wasn't intending to create an argument over it. It just seemed entirely logical and appropriate that a post about Investment Trusts ought to be posted on the Investment Trust board. Otherwise what is the point of having an Investment Trust board.

As to the comment about posting it elsewhere (on another board) so that:

"... those interested in ITs already know most of this stuff, but by posting on this wider Board it gives a heads-up to those fresh Lemons who might not previously have given much thought to ITs...".....

That's rather perverse. To follow that logic, why not then post it on the HYP board, Property Discussions board, or News and Current Affairs board, so that it gives a heads up there to Lemons who might not have given much thought to IT's! What is the point of having specialist boards, if we aren't going to use them for that purpose?!

Anyway, good idea Malcolm to cross-post a reference on the Investment Trust board. Thanks.

Itsallaguess, I would not be so presumptuous as to make a cross-post on someone else's OP., and certainly not on one from such an esteemed, long standing member as yourself. I would have left that to the OP to do. Or even reported the post with that suggestion.