Itsallaguess wrote:
At the start of this thread, I asked this question for those seeking regular income from High Yield Investment Trusts -
"Is this the time for Investment Trust income-reserves to come into play?"
To help answer that, I thought it might be worth keeping track of a few categories of popular income-related Investment Trusts, and seeing how their full-year dividend payouts might be affected from their last reporting period to the next full one.
Given that there seems to be many UK-market single-company shares reducing or cutting their dividends at this time, with some doing so from a self-interested perspective, and with some being 'influenced' to do so by a number of UK regulatory bodies, I thought the first category of income-related Investment Trusts that would be interesting to track would be the 'UK Equity Income segment' as defined by the AIC.
I've taken a broad sample of income-Investment Trusts from the 'UK Equity Income' section of my April 2020 AIC-data thread (https://www.lemonfool.co.uk/viewtopic.php?f=31&t=22720), and have compiled some dividend information from their last set of full-year results, to help us compare the ongoing dividend announcements as we move forward through this difficult economic period...
Just as a mid-term update on this thread, we're still waiting on results from LWDB, and that's probably going to take a while to come through with the December year-end date, but I thought it might be interesting to see how things stand currently.
Much has been made of the 25% cut in the Temple Bar dividends, but apart from that single IT in this tracked list from earlier in the thread, all the others have had some sort of yearly rise from the previous full-year 2019 dividend, with a couple of very modest rises but also a few others where an acceptable up-tick in yearly dividends is probably most welcome in these very challenging times -
It's early days yet, and we'll see how things progress into next year and onwards, but as a snapshot of the Investment Trust 'UK Equity Income' sector, those dividend results look very encouraging indeed at this particular time....
Cheers,
Itsallaguess