City Of London Investment Share Discussion Threads

[damanko] 11/12/2024 01:16

Just sold City of London IT.

Bought in 1994 for £882. Done nothing for 30 years, except filing dividend reinvestment statements, 4 times each year. Sold today and received £8,900. So I guess that makes my initial investment a 10 bagger, in modern parlance.

I was in my 30's when I bought CTY, I'm a tad older now...

Younger investors, think about that, what I've just written.

CTY will never be a day trading share, just an investment to make, forget, leave alone, and let the dividends take care of things.

Regards, and signing out of this thread...

damanko.

[anhar] 06/12/2024 15:59

Q2 divi announced

5.25p
xd 23 Jan
pd 28 Feb

[bargainsniper] 03/12/2024 14:34

Cty is one of the few investment trusts i trust

[jong] 24/10/2024 10:03

XD Today. 5.25p per share payable on Friday 29 November.

[holts] 27/7/2024 07:29

That was a racy rise for CTY .

[tim 3] 26/7/2024 19:52

MRCH up a similar amount maybe reflecting confidence in UK companies following todays strong FTSE performance.

[panshanger1] 26/7/2024 19:40

All depends on how the underlying stocks have performed Looks to me this is now trading at quite a premium to NAV

[danb45] 26/7/2024 19:16

perhaps ? not sure I've seen a rise like this on #CTY before - maybe it's FOMO ? as a good blue day overall

[damanko] 26/7/2024 18:48

Yes Dan, ditto...

Not absolutely sure whether I'm keen on a movement of this kind, CTY is not really supposed to rise up or down like this. No complaints though.

I wonder if there is something on the horizon that insiders know and we don't, perhaps like the recent merger between Witan & Alliance Trust?

We'll see...

d.

[danb45] 26/7/2024 18:09

crikey ! quite some rise today

[bargainsniper] 31/5/2024 12:22

I add here and hhibetween the two offer a mix of portfolios

[rongetsrich] 12/4/2024 19:03

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

[mirandaj] 11/4/2024 14:56

"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 12:20

Thanks - missed that!!

[needlefield] 04/4/2024 09:37

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

[mirandaj] 04/4/2024 07:00

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 06:37

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

[borisjohnsonshair] 04/4/2024 06:27

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] 25/10/2023 23:23

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 14:53

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 14:18

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 13:03

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