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NCYF dividend

Closed-end funds and OEICs
daveh
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NCYF dividend

#661014

Postby daveh » April 23rd, 2024, 3:45 pm

announced today (at last was expecting the announcement last week).
https://www.investegate.co.uk/announcem ... on/8152357

1p payable 31/5/24 ex 2/5/24 record 3/5/24

88V8
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Re: NCYF dividend

#661047

Postby 88V8 » April 23rd, 2024, 6:35 pm

daveh wrote:announced today ..1p payable 31/5/24 ex 2/5/24 record 3/5/24


The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8

moorfield
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Re: NCYF dividend

#661065

Postby moorfield » April 23rd, 2024, 9:02 pm

88V8 wrote:
daveh wrote:announced today ..1p payable 31/5/24 ex 2/5/24 record 3/5/24


The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8



Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

SebsCat
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Re: NCYF dividend

#661194

Postby SebsCat » April 24th, 2024, 11:51 am

moorfield wrote:
88V8 wrote:
The basic divi has been 1p since 2018.
It gets interesting in July when they announce the year's 'special' although it's not called that; expect an upwards creep to 1.5p.

V8



Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.

moorfield
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Re: NCYF dividend

#661232

Postby moorfield » April 24th, 2024, 3:06 pm

SebsCat wrote:
moorfield wrote:

Q4 is already listed as prospective 1.49p on their website, payable 30 August.

https://ncim.co.uk/cqs-new-city-high-yield-fund-ltd/

Yield 8.5%

Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.


Yes good point, it is a dividend hero after all. Still, these things are useful for income forecasting and budgeting.

SebsCat
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Re: NCYF dividend

#661248

Postby SebsCat » April 24th, 2024, 5:36 pm

moorfield wrote:
SebsCat wrote:Indicative only though. I expect it to be marginally higher so they can continue to report increased dividends for another year.


Yes good point, it is a dividend hero after all. Still, these things are useful for income forecasting and budgeting.

Sure. I keep a spreadsheet with what I expect the dividends in my income portfolio to be and I've pencilled in 1.50p although I wouldn't be entirely surprised if it's 1.495p or even 1.491p! My gut feeling is that if they are not going to raise it even by a fractional amount then they would rather cut it so they can then commence a new streak of successive increases from an easier starting point....

(yes, I am that cynical)


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