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NAIT North American Income Trust (the) Plc

2.00 (0.76%)
Last Updated: 10:47:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
North American Income Trust (the) Plc LSE:NAIT London Ordinary Share GB00BJ00Z303 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 0.76% 264.00 52,921 10:47:30
Bid Price Offer Price High Price Low Price Open Price
264.00 265.00 264.00 264.00 264.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 51.13M 41.82M 0.3000 8.73 365.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:58:46 O 1,000 264.617 GBX

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Date Time Title Posts
18/9/202314:47North American Income Trust230

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North American Income (NAIT) Most Recent Trades

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Posted at 30/11/2023 08:20 by North American Income Daily Update
North American Income Trust (the) Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker NAIT. The last closing price for North American Income was 262p.
North American Income currently has 139,377,837 shares in issue. The market capitalisation of North American Income is £365,169,933.
North American Income has a price to earnings ratio (PE ratio) of 8.73.
This morning NAIT shares opened at -
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 :-D

NAIT dividend up over one thousand percent since 2002.
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 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 27/11/2020 22:40 by steve3sandal
I don't think that closing price will stick. All my ITs miraculously up a lot at the close today by outlier trades.
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

First 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-
Posted at 27/6/2018 16:34 by 29palms
Always worth a read.

Performance Data and Analytics to 31st may 2018

Over the coming days watch out for quarterly dividend announcement - should be 8p per share
North American Income share price data is direct from the London Stock Exchange

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