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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| City Of London Investment Trust Plc | CTY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 414.50 | 08:08:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 414.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 26/10/2023 00:23 by tim 3 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. |
Posted at 30/12/2022 07:53 by gateside Interactive Investor pay CTY dividends directly into my ISA account, the same as all my other dividends. |
Posted at 03/12/2022 09:06 by gateside Interactive Investor paid it on 30th Nov. I have all my dividends on automatic reinvestment.It was reinvested yesterday on the 2nd. |
Posted at 17/10/2021 18:07 by thamestrader II had this to say.......QuotedData highlights the fact that Finsbury Growth & Income Ord FGT and City of London Ord CTY trust, one of the three on a premium, are not only the largest trusts in the sector but the ones pulling in new business: CTY issued more than £106 million of new shares in the 12 months to end June 2021. Yet CTY’s long-term figures lag most trusts at just 3.9% per year over the past five years. Only two trusts, Temple Bar Ord TMPL and Edinburgh Investment Ord EDIN, returned less, and TMPL’s performance has picked up markedly since a managerial change last year. In contrast, FGT has returned more than 9% a year over that five-year time frame. It begs the question of why investors persistently return to CTY. James Carthew of QuotedData points to its status as an Association of Investment Companies' (AIC) dividend hero with 55 years of unbroken dividend growth. “CTY gets a lot of attention for leading the dividend hero table,” he explains. “Additionally, manager Job Curtis has a great reputation. It’s also large, and I think there’s a tendency for people to associate size with success and solidity.” Nonetheless, the data suggests there may be stronger candidates for anyone looking at the sector’s capacity to deliver steady total returns and reliable income streams through difficult times, and keen to capitalise on these surprisingly sticky discounts of up to 9%. “Why not pick up a bargain if you can?” Carthew asks. QuotedData ranked the UK equity income trusts from 1 to 22 (where 1 is highest) on each of six measures: yield, five-year NAV total returns, five-year dividend growth, discount, size and number of years’ consecutive dividend growth. A simple overall ranking was calculated by simply adding the six numbers together for each trust, so the one with the smallest total tops the table. (CTY came 8th in the table, LWDB came top). |
Posted at 31/3/2021 09:10 by ttg100 Article from Hargreaves Landsdowne today"City of London Investment Trust This trust is known as one of the Association of Investment Companies (AIC) Dividend Heroes – it’s managed to grow its dividend for more than 50 years. Whilst manager Job Curtis hasn’t been managing the trust for quite that long, he does boast a long track record. He’s managed the trust since July 1991. The trust focuses on UK equity income – specifically looking for UK companies with the ability to grow earnings and pay dividends to their investors. Curtis favours quality, well-managed companies, chosen because he believes they’ll regularly add to the trust’s income pay-out. Though income, like returns, isn’t guaranteed and past performance is not a guide to the future. Curtis looks for companies that make plenty of cash, and are conservatively run, in his view. This trust could be considered for a portfolio looking for income, or to add investment to UK companies." Still holding GL all |
Posted at 11/12/2020 10:26 by damanko Boozey,"The dividend is very modest". Really? Compared to current interest rates?. A strange comment in my view, given what is happening with Bank & Building Society accounts. In any case, and leaving aside the more or less non existent income from putting money into a Bank or BS, my yield in CTY is hovering around the 20% mark. Not a boast, simply a fact. I guess it depends how long ago an investment in CTY was made. Go well etc, I reckon long term holders, or current investors with a long term view on this IT will do okay, as long as they ignore the blips, ignore market gyrations, and of course reinvest the dividends until such time that they require a cash income. panshanger: Excellent point, one that the press seems to ignore, and always has, the Weekend money sections relentlessly recommend Unit Trusts, with far higher costs, and often mediocre performance by comparison. bothdavis: Great post, concise, straight to the point. Though I wonder just how many people (in the big picture) are aware of what you've posted. To put some of this City of London IT stuff into context: This thread on ADVFN was started over 12 years ago. And look at the number of posts... Enough said. d. |
Posted at 10/12/2020 10:19 by mike the mechanic Sign of investors looking for dividend income I think |
Posted at 14/3/2020 20:28 by damanko Quite possibly. Though having been an investor in CTY for 25+ years, and always reinvesting the dividends I'm not overly worried.Sure, bad things happen, they always will. Though having survived '87, the late 90's currency crisis, the dot com boom a couple of years later, the Gulf Wars of '91 and 2003, the credit crisis of 2008/9 etc etc… My opinion is that your money is reasonably safe Chris. If I was a young buck I'd consider putting some money into City of London right now. However I ain't a young buck any longer, plus my yield on my original is well north of 20%. Go well, none of us should panic at this time. d |
Posted at 16/12/2017 18:51 by tim 3 Hi killing time.Thanks for the reply interesting about Hargreaves. I think its popularity currently is probably partly because there are many cautious investors who would normally invest in fixed interest savings bonds ect but are being forced to look for something with more risk due to the shocking returns available there. Yes and certainly wish I had been in a position to buy when we had Brexit! Hope EDIN comes good for you. |
Posted at 27/11/2013 20:14 by damanko An unusually quiet thread for such a quality Investment Trust, indicative I suppose of many private investor's radar when it comes to longer term stuff. But I know some of us are still around.In 1994 (stay with me here .......) a friend had £900 spare, and asked for advice in what to do with it. I suggested that City of London IT might be worth a punt (as an even longer term holder). Her £880 is today worth £4,750 or so. She has done nothing except leave it alone and reinvest dividends. Funny old world, as many say. On her original investment, Dame Ruby receives a little short of 20% income. In current terms, she receives several per cent more than leaving any money in a bank. I'm (almost) minded to start a new thread on CTY, as this one is so underused and definitely under read. We'll see. Jolly good luck to holders, old - younger and just sensible investors........... D |
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