Barnett's Growth and Income Trust Joins Dividend Heroes

Perpetual Growth and Income has increased its dividend for the past 20 years and has joined the AIC's list of dividend heroes

James Gard 28 May, 2019 | 4:16PM

Invesco's Mark Barnett

Perpetual Income and Growth (PLI) is the latest investment trust to join the list of the AIC’s “dividend heroes”, which have increased their payout to shareholders for 20 years in a row.

The trust, which has been managed by Mark Barnett for 20 years, has a three-star rating from Morningstar. It becomes the 21st investment company to join the list but is a long way off the leader, the City of London Investment Trust (CTY), which has increased its dividend for 52 consecutive years. The City of London trust was set up in 1891 and has a Silver Rating from Morningstar.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
City of London Ord314.51 GBP0.64
Edinburgh Investment Ord434.00 GBP0.00
Invesco High Income UK Z Acc215.27 GBP-1.33
Invesco Income UK Z Acc216.19 GBP-1.25
Invesco UK Strategic Inc UK Z Acc  
Perpetual Income & Growth Ord215.50 GBP0.23

About Author

James Gard  is content editor for Morningstar.co.uk

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