Dividends
CTY
The City of London Investment Trust plc
Dividends
The City of London Investment Trust aims to provide long-term growth in income. The Board fully recognises the importance of dividend income to shareholders.
The City of London Investment Trust has increased its dividend every year since 1966 and this 58 year record is the longest of any investment trust.
One of the main advantages of investment trusts is their ability to retain surplus income and create revenue reserves. These reserves can be added to in profitable years and paid out in the leaner years, thereby smoothing the level of dividend payments to shareholders where appropriate. While the investment process for City of London aims to avoid companies that cannot sustain dividend payments, and the diversification of the portfolio limits the impact of any dividend cuts, the use of revenue reserves provides a defence for the dividend in challenging market conditions.
Dividends are declared quarterly and paid in February, May, August, and November.
Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested.
Historic dividends (pence per share)
Dividend history
| Ex Dividend Date | Pay Date | Amount div p/ps |
|---|---|---|
| 24-Oct-24 | 29-Nov-24 | 5.25 |
| 25-Jul-24 | 30-Aug-24 | 5.25 |
| 25-Apr-24 | 31-May-24 | 5.25 |
| 25-Jan-24 | 29-Feb-24 | 5.05 |
| 26-Oct-23 | 30-Nov-23 | 5.05 |
| 27-Jul-23 | 31-Aug-23 | 5.05 |
| 27-Apr-23 | 31-May-23 | 5.05 |
| 26-Jan-23 | 28-Feb-23 | 5.00 |
| 27-Oct-22 | 30-Nov-22 | 5.00 |
| 04-Aug-22 | 31-Aug-22 | 5.00 |
| 28-Apr-22 | 31-May-22 | 5.00 |
| 27-Jan-22 | 28-Feb-22 | 4.80 |
Discrete performance (%)
|
Quarter End As of 30/09/2024 |
2023/2024 | 2022/2023 | 2021/2022 | 2020/2021 | 2019/2020 |
|---|---|---|---|---|---|
| Share price | 16.63 | 10.73 | 2.21 | 29.14 | -21.06 |
| Net asset value per share | 16.53 | 12.31 | 1.20 | 26.61 | -18.44 |
| FTSE ALL Share | 13.40 | 13.84 | -4.00 | 27.89 | -16.59 |
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