City Of London Investment Share Discussion Threads

[edward3] 06/4/2022 07:53

Divi News today ..

[gateside] 31/3/2022 11:00

I think they'll play safe and go for 4.9p

[gateside] 31/3/2022 10:58

Dividend update was issued on last Wednesday in March last year. Year before it was first Wednesday in April.So my guess is we will hear by Wednesday next week.

[north sea boy] 31/3/2022 10:28

4.9 perhaps, but can't see it stretching to 5??

[borisjohnsonshair] 31/3/2022 09:12

Div declaration due. 5p?

[gateside] 31/3/2022 09:10

52 week high

[tim 3] 12/3/2022 15:41

Yes a solid performer if ever there were one and if you bought after the covid drop you would probably be set for life at that price!Probably wouldn't fit in an ethical portfolio though lol !

[topvest] 12/3/2022 12:04

This trust has been increasing its dividend since the year I was born. A safe cautious home for your money in my view.

[topvest] 12/3/2022 12:03

Well they are certainly in the right companies (their top 10) at this point in the cycle!

[peterbill] 11/3/2022 16:43

From Trustnet

Top Holdings (31/01/2022)

1 British American Tobacco 4.202 Diageo 3.703 Shell 3.204 RELX 2.905 HSBC 2.606 Tesco 2.607 BP 2.408 M&G 2.409 Phoenix Group 2.4010 Rio Tinto 2.40Total 28.80

[edward3] 18/2/2022 07:52

Solid ....

"The Companys diverse portfolio, strong cash flow and revenue reserve give the Board confidence that it will be able to increase the dividend for the fifty-sixth consecutive year."

[gateside] 12/2/2022 11:49

Half Year Report was out last year on 18th February - so I'd expect results in the next week or so.

[damanko] 25/1/2022 20:51

Cheers dV.

Ironic, n'est pas... Income becomes a little more important the older people get, and the less they rely on a regular, monthly income from employment...

[dissentingvoices] 25/1/2022 15:30

QUARTERLY DIVIDEND UPDATE

Interim Dividend 4.80p per share

Ex Dividend Date 27/01/2022

Payment Due 28/02/2022

[deeker] 17/1/2022 13:22

Very close to 2 year high :-)

[gateside] 17/1/2022 08:37

52 week high :-)

[ttg100] 01/1/2022 21:07

Thanks TT have been in hospital so just seen. Interesting.

Steady as she goes;)

[thamestrader] 17/10/2021 18:07

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).

[panshanger1] 16/10/2021 08:54

Now trading at a discount too Very rare for a trust with sort of dividend record

[bothdavis] 02/10/2021 16:27

In The Times this week too.....very positive outlook.

Said it is undervalued and a great divi!!

[mirandaj] 02/10/2021 09:12

Interesting comments: