Income Trusts Top the Most Popular List

Among the 10 most popular investment trusts on Morningstar.co.uk over the past month, four have increased their dividends consecutively for at least 30 years

Karen Kwok 21 April, 2017 | 10:02AM

Closed-end fund investors are homing in on income paying trusts. Many investment trusts which have consistently grown their dividends over several decades have an extra incentive today – they are trading at a discount to net asset value.

Among the 10 most popular investment trusts on Morningstar.co.uk over the past month, four have increased their dividends consecutively for at least 30 years, and two of them are trading at a discount.

Dividend Trusts Trading at Discount

Silver Rated Bankers Trust (BNKR) has increased its dividend pay-out for 50 years, while Silver Rated Witan (WTAN), has 42 consecutive annual dividend increases. Both are trading at discount to net asset value. Bankers is trading at 7.5% discount while Witan is trading at 4.2% discount. Witan came sixth and Bankers came tenth on the most popular trusts list in March.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bankers Ord1,028.00 GBX1.78
BlackRock World Mining Trust plc402.50 GBX2.42
City of London Ord336.50 GBX1.51
Edinburgh Investment Ord464.00 GBX1.98
Fidelity China Special Ord315.00 GBX0.96
Finsbury Growth & Income Ord838.00 GBX1.82
RIT Capital Partners Ord1,834.00 GBX1.33
Scottish Mortgage Ord959.00 GBX5.27
Witan Ord188.60 GBX1.95

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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