City Of London Investment Dividends - CLIG

Trade Now

Capital at risk

Stock Name	Stock Symbol	Market	Stock Type
City Of London Investment Group Plc	CLIG	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	4.00	0.98%	413.00	16:35:26

Open Price	Low Price	High Price	Close Price	Previous Close
412.00	407.00	413.00	413.00	409.00

more quote information »

Industry Sector
GENERAL FINANCIAL

City Of London Investment CLIG Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
19/01/2022	Interim	GBX	11	01/07/2021	31/12/2021	24/02/2022	25/02/2022	25/03/2022	0
19/01/2022	Special	GBX	13.5	01/07/2021	31/12/2021	24/02/2022	25/02/2022	25/03/2022	0
13/09/2021	Final	GBX	22	30/06/2020	30/06/2021	07/10/2021	08/10/2021	29/10/2021	33
15/02/2021	Interim	GBX	11	01/07/2020	31/12/2020	04/03/2021	05/03/2021	19/03/2021	0
14/09/2020	Final	GBX	20	30/06/2019	30/06/2020	08/10/2020	09/10/2020	30/10/2020	30
17/02/2020	Interim	GBX	10	01/07/2019	31/12/2019	05/03/2020	06/03/2020	20/03/2020	0
16/09/2019	Final	GBX	18	30/06/2018	30/06/2019	10/10/2019	11/10/2019	29/10/2019	40.5
18/02/2019	Interim	GBX	9	01/07/2018	31/12/2018	07/03/2019	08/03/2019	22/03/2019	0
18/02/2019	Special	GBX	13.5	01/07/2018	31/12/2018	07/03/2019	08/03/2019	22/03/2019	0
17/09/2018	Final	GBX	18	30/06/2017	30/06/2018	11/10/2018	12/10/2018	30/10/2018	27
19/02/2018	Interim	GBX	9	01/07/2017	31/12/2017	01/03/2018	02/03/2018	16/03/2018	0
18/09/2017	Final	GBX	17	30/06/2016	30/06/2017	12/10/2017	13/10/2017	31/10/2017	25
20/02/2017	Interim	GBX	8	01/07/2016	31/12/2016	02/03/2017	03/03/2017	17/03/2017	0
12/09/2016	Final	GBX	16	30/06/2015	30/06/2016	13/10/2016	14/10/2016	31/10/2016	24
15/02/2016	Interim	GBX	8	01/07/2015	31/12/2015	25/02/2016	26/02/2016	11/03/2016	0
25/08/2015	Final	GBX	16	30/06/2014	30/06/2015	08/10/2015	09/10/2015	30/10/2015	24
11/02/2015	Interim	GBX	8	01/07/2014	31/12/2014	19/02/2015	20/02/2015	06/03/2015	0
15/09/2014	Final	GBX	16	30/06/2013	30/06/2014	08/10/2014	10/10/2014	31/10/2014	24
20/01/2014	Interim	GBX	8	01/07/2013	31/12/2013	05/02/2014	07/02/2014	28/02/2014	0
09/09/2013	Final	GBX	16	31/05/2012	31/05/2013	09/10/2013	11/10/2013	25/10/2013	24
21/01/2013	Interim	GBX	8	30/05/2012	30/11/2012	12/12/2012	14/12/2012	28/12/2012	0
03/09/2012	Final	GBX	16	31/05/2011	31/05/2012	03/10/2012	05/10/2012	19/10/2012	24
23/01/2012	Interim	GBX	8	31/05/2011	31/05/2012	08/02/2012	10/02/2012	27/02/2012	0
06/09/2011	Final	GBX	16	31/05/2010	31/05/2011	05/10/2011	07/10/2011	21/10/2011	24
24/01/2011	Interim	GBX	8	31/05/2010	31/05/2011	09/02/2011	11/02/2011	28/02/2011	0
13/09/2010	Final	GBX	15	31/05/2009	31/05/2010	27/10/2010	29/10/2010	19/11/2010	22
25/01/2010	Interim	GBX	7	30/05/2009	30/11/2009	10/02/2010	12/02/2010	01/03/2010	0
14/09/2009	Final	GBX	10	31/05/2008	31/05/2009	28/10/2009	30/10/2009	20/11/2009	15
28/01/2009	Interim	GBX	5	30/05/2008	30/11/2008	11/02/2009	13/02/2009	02/03/2009	0
18/09/2008	Final	GBX	13.5	31/05/2007	31/05/2008	29/10/2008	31/10/2008	21/11/2008	19.5
29/01/2008	Interim	GBX	6	30/05/2007	30/11/2007	13/02/2008	15/02/2008	03/03/2008	0
17/09/2007	Final	GBX	7	31/05/2006	31/05/2007	31/10/2007	02/11/2007	15/11/2007	10
27/01/2007	Interim	GBX	3	30/05/2006	30/11/2006	07/02/2007	09/02/2007	05/03/2007	0

Date	Subject
08/8/2022 20:09	waldron: Https://www.marketscreener.com/quote/stock/CITY-OF-LONDON-INVESTMENT-4006013/ STRONG SUPPORT AT 395p then perhaps a move back up towards results day and those wishing to lock in the substantial divi September/19/22 FY 2022 Earnings Release (Projected) September/29/22 Ex-dividend day for final dividend October/31/22 Annual General Meeting Read Full Thread Follow Reply
21/7/2022 15:45	montyhedge: Most on here been in from 280p all those dividends over the years one of my better investments, ok did not sell at 550p, why should I, but reinvestment of dividends back into CLIG, dividend compounding eighth wonder of the world. Read Full Thread Follow Reply
19/7/2022 14:09	km18: City of London Investment Group (CLIG) issued a pre-close trading update for the FY ended 30th June. Funds Under Management (FUM) were $9.2b (£7.6b) down from $11.4b (£8.3b) a year earlier. Negative investment performance accounted for the fall, net investment flows were positive, albeit modest, at $102m. Profit before amortisation of intangibles and taxation is expected to be approximately £27.2 million up from £25.5m in FY21. Post tax profit should be £18.1m, up from FY21 £17m, with basic EPS at 37.1p down a touch from FY21 39.4p. The performance is reasonable given the obvious headwinds to financial markets from the nervous global backdrop. Valuation is also reasonably attractive with forward PE ratio at 8.4x and just about top-quartile for the sector. The business is also high quality with ample cash, negligible debt and solid profitability ratios. Share price is in a 12-month+ correction and lacks momentum so there is no rush to buy. But all else points to a solid asset manager with a decent track record of growth that is well worth monitoring for now.... ...from WealthOracle https://wealthoracle.co.uk/detailed-result-full/CLIG/500 Read Full Thread Follow Reply
19/7/2022 07:13	masurenguy: Fairly solid set of results with a projected 6% fall in eps largely due to to a fall in EM and outflow of funds in the US due to market volatility. Final proposed dividend remains the same as last year. Results due on 19 September. PRE-CLOSE TRADING UPDATE for the year to 30 June 2022 City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds ("CEFs"), provides a pre-close trading update for its financial year ended 30 June 2022. The numbers that follow are unaudited. On a consolidated basis, Funds under Management (FuM) were US$9.2 billion (GBP7.6 billion) at 30 June 2022. This compares with US$11.4 billion (GBP8.3 billion) at the Group's year end on 30 June 2021. Investment performance was behind relevant benchmarks for the bulk of CLIM's assets due to a combination of country allocation in the Emerging Market strategy and NAV performance at the underlying closed-end funds in the International and Opportunistic Value strategies. KIM's equity and fixed-income strategies outperformed their market indices over the period, while US equity lagged its benchmark. Net investment flows were US$102 million for the Group over the period, with CLIM posting net gains, while KIM saw net outflows as clients reduced exposure to markets due to ongoing volatility in the second half of the year. After a pause in 2020 a renewed marketing emphasis over the period, combined with the excellent long term track record was rewarded for the International CEF Strategy. The Group's overheads for the year to 30 June 2022 are expected to be GBP19.7 million (2021: GBP16.8 million). "Fixed" costs are c.GBP1.7 million per month, and accordingly the run-rate for operating profit, before profit-share and amortisation of intangibles is approximately GBP2.8 million per month based upon current FuM and a US$/GBP exchange rate of US$1.2178 to GBP1 as at 30 June 2022. For the year to 30 June 2022, the Group estimates that the unaudited profit before amortisation of intangibles and taxation to be approximately GBP27.2 million, including non-controlling interest ("NCI") loss of GBP0.1 million (2021: GBP27.2 million profit before amortisation of intangibles, exceptional merger costs of c. GBP1.7 million and taxation, NCI profit of nil) (2021: GBP25.5 million profit before amortisation and taxation). Profits after an anticipated tax charge of GBP5.0 million (representing 22% of profits before taxation) will be approximately GBP18.1 million (2021: profits of GBP17.0 million after a tax charge of GBP5.3 million, representing 19% of profits before exceptional merger costs and taxation). Basic and fully diluted earnings per share are expected to be 37.1p and 36.6p respectively (2021: 39.4p and 38.8p). Dividend The Board is proposing to recommend a final dividend of 22p per share (2021: 22p), subject to approval by shareholders at the Company's Annual General Meeting to be held on 31 October 2022. This would bring the total dividend payment for the year to 46.5p, including the special dividend of 13.5p paid in March (2021: 33p, special dividend nil). Rolling five-year dividend cover, excluding the special dividend equates to 1.22 times (2021: 1.29 times). Read Full Thread Follow Reply
10/7/2022 11:33	masurenguy: Good analysis and incisive post Mayn. I think that your summary conclusion warrants repetition. This remains one of my top 5 holdings although I reduced my position recently as part of an overall strategy of moving into circa 50% cash. This was only to establish an opportunist cash position to take advantage of prospective lower shareprices in the overall marketplace later this year. "Rough market conditions during the subsequent H2 will test CLIG’s investments, with FuM dropping 13% to below $10b not indicating obvious outperformance. A wonderful 49% margin and net cash of £25m funding a welcome £7m special dividend suggest the accounts can survive any further market weakness. Although the possible P/E is 11 and the yield tops 7%, the shares have been rated modestly for years as major new clients remain extremely elusive. I continue to hold." Read Full Thread Follow Reply
10/7/2022 10:47	tmfmayn: CITY OF LONDON INVESTMENT: FuM Drops 13% To Below $10b After H1 2022 Discloses 49% Margin, Welcome Special Dividend And (Finally!) Some New Client Money #CLIG "Rough market conditions during the subsequent H2 will test CLIG’s investments" hTTps://maynardpaton.com/2022/06/19/city-of-london-investment-fum-drops-13-to-below-10b-after-h1-discloses-49-margin-welcome-special-dividend-and-finally-some-new-client-money/ Read Full Thread Follow Reply
18/2/2022 07:38	masurenguy: Difficult to take a perceptive view on the 2.6% fall in FUM which appears to largely be down to Chinese equities. Still ahead of the year end by 2% and the other metrics look good. Going forward a lot will depend on broad market trends this year and I wouldn't like to try to second guess them other than there will probably be some volatility ahead. HALF YEAR SUMMARY - Funds under Management (FuM) of US$11.1 billion (GBP8.2 billion) at 31st December 2021. This compares with US$11.4 billion (GBP8.3 billion) at the beginning of this financial year on 1st July 2021 and US$10.9 billion (GBP8.0 billion) at 31st December 2020. - FuM at 31st January 2022 of US$10.8 billion (GBP8.0 billion) - Net fee income representing the Group's management fees on FuM was GBP29.8 million (31st December 2020: GBP22.6 million) - Underlying profit before tax* was GBP15.5 million (31st December 2020: GBP11.2 million). Profit before tax was GBP13.6 million (31st December 2020: GBP8.8 mllion) - Maintained interim dividend of 11p per share (31st December 2020: 11p) payable on 25th March 2022 to shareholders on the register on 25th February 2022 - Special dividend of 13.5p per share (31st December 2020: nil) payable on 25th March 2022 to shareholders on the register on 25th February 2022 Assets and performance Funds under Management (FuM) fell by 2.6% in the six months ended 31st December 2021 to US$11.1 billion due to mixed conditions across the Group's products but were still 2% ahead of the comparable figure at the end of 2020. Although the more defensive, value-driven characteristics of closed-end funds (CEFs) provided positive attribution for the Emerging Markets (EM) strategy in the half year, the 23% fall in Chinese equities, which accounts for around one-third of the index, proved a major drag on both the benchmark and FuM, with an 11% fall over the period to US$4.8 billion. Despite lacklustre markets in the International strategy, this product has continued to attract impressive inflows. The strategy FuM stands at US$2.1 billion, a 14.2% increase in FuM as compared to 30th June 2021 and a 26.3% increase in FuM as compared to 31st December 2020. While the aggregate FuM numbers at CLIM were little changed over the half-year period at US$7.2 billion, each of the major strategies recorded robust outperformance against their respective benchmarks. Looking forward, the combination of this strong relative performance and an ability to re-commence face-to-face meetings with clients and consultants are anticipated to translate into further inflows in the coming months. KIM's FuM grew by c.1% to US$3.9 billion as compared to 30th June 2021 despite the normal seasonal withdrawals that arise in the final weeks of the calendar year. In comparison with 31st December 2020, however, FuM was 7% higher, thanks mainly to very strong relative performance, particularly in the dominant fixed income space. The issuance of approximately 250 Special Purpose Acquisition Companies (SPACs), represents an addition of US$54 billion to KIM's investable universe. SPACs can offer a fixed income return profile with lower risk, and potential for upside. Pre-merger SPAC investments were an important contributor to returns for KIM in the first half of the financial year. With c.60% of KIM's assets invested in fixed income securities, it is very encouraging to note that they have been able to show strong performance through a period of rising inflation and interest rate expectations and this bodes well for both client retention and new business potential in the coming year. Cash and dividends The CLIG Board reviews its cash position and overall distribution policy on a regular basis and believes that our policy of a rolling five year dividend cover of 1.2x remains appropriate. Our cash position has grown to GBP24.5 million at calendar year end in addition to the seed investments of GBP6.1 million (including GBP4.0 million in REITs and GBP1.9 million in the Global product funded in December 2021). After considering the alternatives for returning a portion of this cash to shareholders, the Board has announced an interim dividend of 11p per share in line with last year amounting to c.GBP5.4 million and a 13.5p special dividend amounting to c.GBP6.6 million. Outlook Global markets will be confronted this year with progressive reductions in monetary stimulus as pandemic support measures are gradually withdrawn and this is likely to create headwinds for both equity and debt markets. Indeed, benchmarks such as the tech-heavy NASDAQ, which rose by c.130% in the 20 months to November 2021, have appeared more vulnerable to a correction recently with a 9% fall over the last two months. While international equity markets may be less vulnerable to these tech valuation bubbles, the tapering of monetary support, ongoing supply disruptions and geopolitical tensions each have the capacity to destabilise markets in the months ahead and point to the need for a cautious stance. Within the EM space, China will continue to exert a strong influence and the recent tightening of the regulatory environment, coupled with large-scale mobility restrictions arising from China's zero-tolerance COVID policy will constrain both the pace and timing of an economic recovery. It is now 15 months since the merger with KIM and we believe that the results during this period demonstrate the benefits of a more diversified revenue base in terms of both clients and market segments. Thus, despite the clear challenges ahead, we remain optimistic that the value-driven characteristics of CEFs, supported by a macro-economic research focus, will continue to offer enhanced relative performance for our clients and shareholders over the longer term. Efforts to diversify from CLIM's EM-centric strategy via development of the INTL strategy proved timely with the underperformance of EM equities over the past five years relative to other equity asset classes. We believe that ongoing growth via diversification, including the merger with KIM, will continue to benefit all stakeholders by reducing the volatility of earnings and broadening our client base. The support of our stakeholders is appreciated as we continue to grow the combined business. Read Full Thread Follow Reply
19/1/2022 07:26	masurenguy: Excellent interim update and dividend increase ! SIX MONTHS TO 31 DECEMBER 2021 TRADING UPDATE, DIVIDEND AND SPECIAL DIVIDEND DECLARATION The Group estimates the unaudited profit before amortisation and taxation for the six months ended 31 December 2021 to be approximately £15.5m (2020: £9.9m). Inclusive of our regulatory and statutory capital requirements, cash in the bank stood at £24.5m at the end of the calendar year (£25.5m as at 30 June 2021), in addition to the seed investments of £6.1m. Our cash reserves will allow us to continue managing the business conservatively through volatile markets while following our dividend policy for our shareholders. The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2021 on 18 February 2022. Dividend The Board declares an interim dividend of 11p per share, which will be paid on 25 March 2022 to shareholders registered at the close of business on 25 February 2022 (2021: 11p). In addition, the Board announces a special dividend of 13.5p per share, which will also be paid on 25 March 2022 to shareholders registered at the close of business on 25 February 2022 (2021: Nil). Read Full Thread Follow Reply
19/1/2022 07:02	skinny: FuM 31/12/21, Trading, Dividend & Special Dividend. City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds, announces that on a consolidated basis, as at 31 December 2021, FuM were US$11.1 billion (GBP8.2 billion). This compares with US$11.4 billion (GBP8.3 billion) at the Group's year end on 30 June 2021. IM Performance Solid relative performance across CLIG's investment strategies resulted from good NAV performance at the underlying closed end funds and positive discount effects. Over the period, there were net inflows of circa US$59 million across the Group's strategies, due to asset raising for the International Equity strategy. Year-end rebalancing and tax planning led to outflows from the EM and KIM strategies. Business development will focus on EM, International, and Opportunistic Value strategies, and KIM balanced mandates, where additional capacity is now available for prospects. Operations The Group's income currently accrues at a weighted average rate of approximately 72 basis points of CLIM's FuM and at approximately 76 basis points of KIM's FuM, net of third party commissions. "Fixed" costs are c. GBP1.6 million per month, and accordingly the current run-rate for operating profit, before profit-share is approximately GBP3.3 million per month based upon current FuM and a US$/GBP exchange rate of US$1.3532 to GBP1 as at 31 December 2021. The Group estimates the unaudited profit before amortisation and taxation for the six months ended 31 December 2021 to be approximately GBP15.5 million (2020: GBP9.9 million). Inclusive of our regulatory and statutory capital requirements, cash in the bank stood at GBP24.5 million at the end of the calendar year (GBP25.5 million as at 30 June 2021), in addition to the seed investments of GBP6.1 million. Our cash reserves will allow us to continue managing the business conservatively through volatile markets while following our dividend policy for our shareholders. The Company is currently in a close period which will end with the publication of results for the six months ended 31 December 2021 on 18 February 2022. Dividend The Board declares an interim dividend of 11p per share, which will be paid on 25 March 2022 to shareholders registered at the close of business on 25 February 2022 (2021: 11 pence). In addition, the Board announces a special dividend of 13.5p per share, which will also be paid on 25 March 2022 to shareholders registered at the close of business on 25 February 2022 (2021: Nil). Shareholders may choose to reinvest their dividends using the company's Dividend Reinvestment Plan, to do this please visit www.signalshares.com or if you hold your shares through a broker please contact them. The deadline to lodge your election is 4 March 2022. Dividend cover template Please see dividend cover template attached here. http://www.rns-pdf.londonstockexchange.com/rns/8718Y_1-2022-1-18.pdf The dividend cover template shows the quarterly estimated cost of dividend against actual post-tax profits for last year, the current six months and the assumed post-tax profit for the remainder of the current year and the next financial year based upon specified assumptions. Read Full Thread Follow Reply
07/6/2021 08:41	davebowler: Zeus; Update leaves forecasts unchanged What’s new: Updates in April and early May reveal: Group consolidated Funds Under Management “FuM” of US$11.3bn at the end of April 2021 is up 4.0% year to date (Dec20: US$10.9bn). Strong investment performance across CLIG’s investment strategies, was offset by clients rebalancing, resulting in 3Q net outflow of US$278m. CLIG continues to maintain an active pipeline across all its major products. Income net of third-party commissions currently accrues at circa 74 bps (i.e. c. 73 bps of CLIM’s FUM and c. 77 bps of KIM’s FuM). Operating profit before profit-share run rate is £3.3m per month based on US$1.38=£1 (at US$1.43=£1 the run rate would be c £3.2m per month). Sterling has strengthened 13% from below $1.25 to £1 to over $1.40 now. In May 2021, M1EF, the emerging markets index, rose 1.2% to 662. In the first week of June 2021, the index has risen 2.1% to 676. On 31 May 2021, CLIG’s Group consolidated FuM was $11.5bn (see Exhibit 1). Zeus view: Increasing funds under management in US dollars has been offset by Sterling strength. Overall, we nudge up our revenue expectations (page 3, exhibit 3) and leave our earnings forecasts unchanged. Our forecasts assume Sterling strengthens further from US$1.42 to US$1.44 to £1. We will review our forecasts again in July, when we expect a year end trading update for the year to 30 June 2021. Valuation: At 550p CLIG shares are trading on 11.6x PER and 6.0% dividend yield. CLIG has a strong balance sheet with no debt and substantial net cash. Over the past 5 years CLIG has delivered annualised Total Shareholder Returns (TSR) of 11% CAGR, with dividends providing 8%, earnings growth c 6% CAGR. Over the next we expect CLIG to continue to deliver a TSR of over 10% pa, of which half comes from dividends and the other half comes from a combination of earnings growth and multiple expansion. Read Full Thread Follow Reply

Date

Subject

08/8/2022
20:09

waldron: Https://www.marketscreener.com/quote/stock/CITY-OF-LONDON-INVESTMENT-4006013/ STRONG SUPPORT AT 395p then perhaps a move back up towards results day and those wishing to lock in the substantial divi September/19/22 FY 2022 Earnings Release (Projected) September/29/22 Ex-dividend day for final dividend October/31/22 Annual General Meeting

Read Full Thread

21/7/2022
15:45

montyhedge: Most on here been in from 280p all those dividends over the years one of my better investments, ok did not sell at 550p, why should I, but reinvestment of dividends back into CLIG, dividend compounding eighth wonder of the world.

Read Full Thread

19/7/2022
14:09

km18: City of London Investment Group (CLIG) issued a pre-close trading update for the FY ended 30th June. Funds Under Management (FUM) were $9.2b (£7.6b) down from $11.4b (£8.3b) a year earlier. Negative investment performance accounted for the fall, net investment flows were positive, albeit modest, at $102m. Profit before amortisation of intangibles and taxation is expected to be approximately £27.2 million up from £25.5m in FY21. Post tax profit should be £18.1m, up from FY21 £17m, with basic EPS at 37.1p down a touch from FY21 39.4p. The performance is reasonable given the obvious headwinds to financial markets from the nervous global backdrop. Valuation is also reasonably attractive with forward PE ratio at 8.4x and just about top-quartile for the sector. The business is also high quality with ample cash, negligible debt and solid profitability ratios. Share price is in a 12-month+ correction and lacks momentum so there is no rush to buy. But all else points to a solid asset manager with a decent track record of growth that is well worth monitoring for now.... ...from WealthOracle https://wealthoracle.co.uk/detailed-result-full/CLIG/500

Read Full Thread

19/7/2022
07:13