The Lemon Fool

announced today (at last was expecting the announcement last week).
https://www.investegate.co.uk/announcem ... on/8152357

1p payable 31/5/24 ex 2/5/24 record 3/5/24

daveh wrote:announced today ..1p payable 31/5/24 ex 2/5/24 record 3/5/24

The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8

88V8 wrote:

daveh wrote:announced today ..1p payable 31/5/24 ex 2/5/24 record 3/5/24

The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8

Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

moorfield wrote:

88V8 wrote:
The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8

Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.

SebsCat wrote:

moorfield wrote:

Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.

Yes good point, it is a dividend hero after all. Still, these things are useful for income forecasting and budgeting.

moorfield wrote:

SebsCat wrote:Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.

Yes good point, it is a dividend hero after all. Still, these things are useful for income forecasting and budgeting.

Sure. I keep a spreadsheet with what I expect the dividends in my income portfolio to be and I've pencilled in 1.50p although I wouldn't be entirely surprised if it's 1.495p or even 1.491p! My gut feeling is that if they are not going to raise it even by a fractional amount then they would rather cut it so they can then commence a new streak of successive increases from an easier starting point....

(yes, I am that cynical)