City Of London Investment Share Discussion Threads

[rongetsrich] 12/4/2024 20:03

Touch and go for me, but what's not to love here!

[mirandaj] 11/4/2024 15:56

"THE CITY OF LONDON INVESTMENT TRUST PLC

Dividend on Ordinary Shares

The Board of The City of London Investment Trust plc announces that:

A third interim dividend of 5.25p per ordinary share of 25p, in respect of the year ending 30 June 2024, will be paid on 31 May 2024 to holders registered at the close of business on 26 April 2024. The Company's shares will go ex-dividend on 25 April 2024.

The Board intends to declare a fourth interim dividend of 5.25p per share for the year to 30 June 2024. The fourth interim dividend will be declared in July 2024. This would make a total dividend for the year to 30 June 2024 of 20.6p per share, an increase of 2.5% on the previous year and the Company's 58th consecutive annual increase."

[borisjohnsonshair] 04/4/2024 13:20

Thanks - missed that!!

[needlefield] 04/4/2024 10:37

Usually on a Thursday late March / early April (board meeting), so maybe later this afternoon.

[mirandaj] 04/4/2024 08:00

From 16th February 2024 - Half year Report:

City of London has declared two interim dividends to date of 5.05p each in respect of this financial year. The Company's diverse portfolio, strong cash flow and revenue reserve give the Board confidence that, in line with its objective to provide long-term income and capital growth, it will be able to increase the total annual dividend for the 58th consecutive year. The quarterly dividend rate will be reviewed by the Board before the third interim dividend is declared in April 2024.

 

[gateside] 04/4/2024 07:37

It was on 30th March last year - so it will soon I expect

[borisjohnsonshair] 04/4/2024 07:27

When will they declare the dividend review?

[jong] 25/1/2024 10:54

XD today. 5.05p per share payable on Thursday 29 February.

[tim 3] 26/10/2023 00:23

Yes growing the dividend at any cost can cost you serious money look no further than another Investment trust HFEL investors are basically paying for the dividends and more out of capital.

[thamestrader] 25/10/2023 15:53

Yes, CTY and MRCH are more generous with divis but share price does not do as well as LWDB TMPL and EDIN. You pays your money and takes yer choice - yield or price.

More recently, however:
Since 6 october (date chosen to remove the effect of ex-divs on 5 october)
LWDB -7.2%
MRCH -6.6%
CTY -3.1%
TMPL -2.9%
EDIN -2.9%

EDIT - just after I typed that, everything spiked up, so out of date already (in a good way)

[tim 3] 25/10/2023 15:18

Good solid investment.

These IT's are usually a good buy on the dips.

Would not expect to much capital growth but have had decades of dividend growth.

[peterbill] 25/10/2023 14:03

Have added to my SIPP and ISA ... I'm hoping that the recent fall has ended ...

[borisjohnsonshair] 25/10/2023 08:19

It'll drop on Ex Div

[coxsmn] 20/10/2023 20:20

Yes now trading below net asset value

[chc15] 20/10/2023 16:29

Added a few today, as it's ex div next week. Hoping for a little recovery.

[borisjohnsonshair] 13/10/2023 08:04

Where's the link to the report announced today? I can't find it on the Trustintellengece site

[chc15] 12/10/2023 19:58

indeed this has never approached mid 4, nevermind 5, no chance.

[borisjohnsonshair] 05/10/2023 12:30

Exactly my point - FTSE got lots of catching up with SP500 and other stuff.

[strategic trout] 05/10/2023 12:03

How can it be undervalued when it's trading at just over its net asset value (383 with debt at fair value)?

[borisjohnsonshair] 05/10/2023 08:26

Very undervalued. This could easily appreciate to 5 quid. Dividend cover is great and dividend increase in March should be impressive. Buying now should be rewarded if income reinvested.

[tim 3] 27/9/2023 16:31

Also like IT's am in MRCH.CTY are a solid trust with extremely reliable dividends.Negative is they have seen very little capital growth been hovering around £4 for several years and without capital growth 5% return is easily achieved in cash or bonds with less less risk.

[thamestrader] 27/9/2023 08:49

I have become a fan of ITs like this one over the last year or so, holding MRCH, CTY and LWDB.

Now that I have 12 months' performance to review. Annual returns sep22 to sep23, including dividends have been 22% for LWDB, and 12-13% for CTY and MRCH. But september 22 was a major dip, so probably not a fair reference point. However whichever way you slice it and dice it, LWDB is best of the three.

I have recently added EDIN and TMPL into the mix, so let's see how they get on.

[gateside] 31/8/2023 08:26

5.05p dividend paid today