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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
North American Income Trust (the) Plc | NAIT | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
280.00 | 279.00 | 280.00 | 281.00 |
Industry Sector |
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EQUITY INVESTMENT INSTRUMENTS |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
05/04/2023 | Final | GBP | 0.035 | 03/05/2024 | 03/05/2024 | |
05/04/2023 | Interim | GBP | 0.026 | 28/12/2023 | 29/12/2023 | 19/01/2024 |
05/04/2023 | Interim | GBP | 0.026 | 12/10/2023 | 13/10/2023 | 27/10/2023 |
05/04/2023 | Interim | GBP | 0.026 | 20/07/2023 | 21/07/2023 | 04/08/2023 |
05/04/2023 | Final | GBP | 0.035 | 04/05/2023 | 05/05/2023 | 12/06/2023 |
14/07/2022 | Interim | GBP | 0.025 | 02/02/2023 | 03/02/2023 | 24/02/2023 |
14/07/2022 | Interim | GBP | 0.025 | 06/10/2022 | 07/10/2022 | 28/10/2022 |
14/07/2022 | Interim | GBP | 0.025 | 21/07/2022 | 22/07/2022 | 05/08/2022 |
07/04/2022 | Final | GBP | 0.04 | 05/05/2022 | 06/05/2022 | 13/06/2022 |
28/09/2021 | Interim | GBP | 0.025 | 03/02/2022 | 04/02/2022 | 25/02/2022 |
28/09/2021 | Interim | GBP | 0.019 | 07/10/2021 | 08/10/2021 | 29/10/2021 |
13/07/2021 | Interim | GBP | 0.019 | 22/07/2021 | 23/07/2021 | 06/08/2021 |
13/04/2021 | Final | GBP | 0.045 | 06/05/2021 | 07/05/2021 | 04/06/2021 |
27/01/2021 | Interim | GBP | 0.019 | 04/02/2021 | 05/02/2021 | 26/02/2021 |
18/09/2020 | Interim | GBP | 0.018 | 01/10/2020 | 02/10/2020 | 30/10/2020 |
06/07/2020 | Interim | GBP | 0.018 | 16/07/2020 | 17/07/2020 | 07/08/2020 |
23/04/2020 | Interim | GBP | 0.043 | 07/05/2020 | 11/05/2020 | 05/06/2020 |
22/01/2020 | Interim | GBP | 0.018 | 30/01/2020 | 31/01/2020 | 21/02/2020 |
24/09/2019 | Interim | GBP | 0.017 | 03/10/2019 | 04/10/2019 | 25/10/2019 |
12/07/2019 | Interim | GBP | 0.017 | 18/07/2019 | 19/07/2019 | 02/08/2019 |
Top Posts |
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Posted at 18/9/2023 14:47 by pvb ...OK. However, NAIT was not NAIT in 2002, it was then Edinburgh US Tracker IT - an S&P 500 tracking IT.The mandate and name change was in 2012, after its then discount had been increasingly growing, with the fashion to become a dividend income based IT. |
Posted at 01/9/2023 10:11 by c29110 Just topped up :-DNAIT dividend up over one thousand percent since 2002. |
Posted at 28/9/2021 13:06 by digitaria Thanks for flagging this. > 2% rise today, but, as you suggest, not immediately clear why.Commentary suggests that dividend income from Trust investments has increased "Over 30% of the equity holdings raised their dividends over the past six months, with a weighted average increase of approximately 6.1%", which is good news for dividend sustainability. The change in dividend policy sounds like a mere rebalancing of the quarterly payments. Without knowing the value of the final payment, we don't know whether the yield has increased at all. If the forward distribution policy were to be 3 payments of 2.5p plus a final of 4.5p, the new yield would be up to about 4.2% from about 3.8, not a spectacular increase, but welcome nonetheless. |
Posted at 28/9/2021 12:36 by 123ct A nice rise today, what I cannot work out though is whether this is due to the discount just narrowing or the amendment to the dividend route announced in today's results which I prefer but if you hold for 12 months would make no difference...any views on this ? |
Posted at 18/2/2021 08:00 by 123ct I paired this with a S&P tracker last summer when I started rebuying this trust( I sold earlier in the year at a high price..total fluke and I cannot claim any skill in getting the market timing correct ) so I'm still quite relaxed about it, the yield of 4% is double that of the benchmark which it is currently underperforming, the benchmark of the Russell 1000 value yields just under 2% and the S&P yields around 1.4, the longer term track record is still good and beats most UK equity income IT on a similar yield, I also saw the Berkshire Hathaway buys on Tuesday evening ....Black Rock North America Income has closed its discount to around 5% so I still think the reflation/reopening trades will see the NAIT discount close to its long term average of close to par. On a interesting note I was trying all day yesterday to buy more and I could not get a offer all day so I can guess that there cannot be much selling pressure. I think the current discount of around 12% on a book of strong balance sheet businesses with a growing yield is a good long term hold. |
Posted at 13/10/2020 16:45 by 29palms NAIT has been trading at rather large discount since market correction around March and really has never recovered.Good value here IMO given NAV @ 257.55p including Income Didn't help either when Brewin Dolphin dumped 2.4m shares on 1st June. I continue to hold this given the yield of 4%+ and add from gains elsewhere. |
Posted at 26/5/2020 14:42 by 123ct I like this IT, it was at 315p 3 months ago, I would love to say I got my timing right but a pure fluke I was out in the 290's and have been buying back in over the last month and like the dividend. It is underperforming the S&P but that's not it's benchmark, it's the Russell 1000 value, if you take out the top 5 or 6 tech names the S&P would be a lot lower with a yield of around 1.5% , NAIT yielding just below 4 so unless there is another big market sell off I like this holding, and I hope the 10% discount narrows to its historical 12 month average of around par to slight premium |
Posted at 26/5/2020 10:12 by steve3sandal Suddenly in May for no reason I can work out unless it's concern the dividend yield is Covid trashed, it's gone from trading round the NAV to a 12/13% discount. It's a collection of US dividend stocks and I quite like it here with the share price down nearly 30% over a year. It's got little exposure to hot tech.Obviously it's America so they have efficient balance sheets so apart from CME just o/s Top 10 they do all carry debt. It feels a sensible toe in the US water as the 30% share price fall perhaps reflects the 30% economic damage. At various times over 5 years it's beaten the S&P during the past 10 years but not in the last 5 as no hot tech held. Top 10 PEs on L4Q were between 11 and 19x, excluding Chevron (oil price slump) and Bristol Myers (takeover) and all seem to be paying Divs except perhaps Citi might have to pass if they need to make serious provisions in line with their embedded earnings. NAIT have 8.28p Div reserves after payment of the June one so I'd hope they may be able to hold 20/21 Div at 9.5p but even 8p would be 3.5% in line with what I think I'm getting on my portfolio in N12M.NAIT was founded in 1902 for people who like that sort of thing. They've very recently been tilting to more defensive and improving the quality of the portfolio. Sourced to Fact Sheet, Video, not my analysis. They also sell calls against holdings which generates a little extra juice in flat and down markets. No idea if their tilts will work but it's what I would do. On the other hand you could buy USA which is a newish 2yo IT Baillie Gifford US Growth Trust (USA). Shares have all but doubled in no time. Full on steroids US tech, momentum (that happens to be the same thing at the moment) but I think lower quality and more expensive. Some of USA holdings are not yet trading profitably. I'm interested to follow this contest but I've backed the tortoise at 225p straight out of the gatetoday. |
Posted at 11/4/2019 06:22 by 29palms Final figs today make nice reading with increase in Final Dividend to 18p per share.This should form part of any investor portfolio looking for exposure to S&P 500 stocks. As always, DYOR |
Posted at 12/7/2018 17:53 by 29palms THE NORTH AMERICAN INCOME TRUST PLCFirst Interim Dividend 12 July 2018 The Board of The North American Income Trust plc declare a first interim dividend of 8.0p per share in respect of the year to 31 January 2019 payable on 3 August 2018 to shareholders on the register at close of business on 20 July 2018. The ex-date is 19 July 2018. The North American Income Trust plc is managed by Aberdeen Fund Managers Limited. Fantastic vehicle for anyone wishing exposure to American stocks. As always- DYOR |
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