The Lemon Fool

HFEL
https://www.investegate.co.uk/henderson ... 48083380W/

"The directors have declared the second interim dividend of 5.80p (five point eight zero pence) per ordinary share in respect of the year ending 31 August 2021. The dividend will be paid on 28 May 2021 to shareholders on the register on 30 April 2021 (the record date). The shares will be quoted ex-dividend on 29 April 2021."

SOI
https://www.investegate.co.uk/schroder- ... 02433636W/

"Schroder Oriental Income Fund Limited (the "Company") announces that the directors of the Company have declared the payment of a second interim dividend of 1.90 pence per share for the year ending 31 August 2021 on the ordinary shares of the Company."

JCH
https://www.investegate.co.uk/jpmorgan- ... 01303527W/

"The Directors have declared that a first quarterly interim dividend of 7.00 pence per share for the year ending 31st December 2021 will be paid on 4th June 2021 to shareholders on the register at the close of business on 30th April 2021. The ex-dividend date will be 29th April 2021."

NCYF
https://www.investegate.co.uk/cqs-new-c ... 47533441W/

"The Company announces its third interim dividend of 1 pence per share (2020 - 1 pence) payable on 28 May 2021 to shareholders on the register on 30 April 2021, having an ex-dividend date of 29 April 2021"

NCYF divi as last year.* Cover 11 months.
SOI same as last year. Cover 13 months.
JCH increased from 6.5p* Cover 15 months.
HFEL up from 5.7p* Cover 9 months.

No bad news there.
Reserves doing their stuff.
Hooray.

V8
*I hold.

88V8 wrote:Hooray.
V8

And HFEL have issued their half-year update today which includes the following (my emphasis)

The outlook for dividends in the region [Asia-Pacific] remains compelling. The consensus expects 'mid-teens' dividend growth, but from what we have seen in the results for the first three months of the year, this number may prove to be conservative especially considering that earnings growth is forecast to be much higher. Analysts in the region tend to be slower to raise dividend forecasts than earnings forecasts, but as more companies announce results and surprise with dividends either being reinstated or dividend pay-out ratios increasing, we expect these forecasts to rise. The backdrop for higher dividends is firmly in place with companies generating excess cash, having little or no debt and paying out a lower percentage of their net profits as dividends than their developed market peers.

https://www.investegate.co.uk/hendersonfare-incltd--hfel-/rns/half-year-report/202104230700063641W/

I think a simple Hooray may be a bit of an under-celebration !

HFEL is the only one of those mentioned that I hold. very good news.

Dod

ReallyVeryFoolish wrote:HFEL, seems like a great way to diversify away from usual suspect dividend shares. I hold HFEL as part of my move over the last 9 months-ish to diversify from usual suspects.

RVF

It's done well enough for me, I've bought 4 times since 2014 and a look at the spreadsheet shows an IRR of 8.4%

RC

Another very happy holder of HFEL here. I’m not aware of another investment trust that has sustained a track record of such a high yield with above inflation dividend increases. I have also been very lucky in that every time I’ve decided to purchase HFEL a dip suddenly appeared. I have an IRR of 13.4%.

My holding has gotten a little too large so it’s having a trim once ex-div. the proceeds have already been spent on the recent Gore Street Energy Fund (GSF) raise. A bit of a punt on a newish trust with a slightly higher yield (7.82% forward yield).

Cheers,

Juan.

JuanDB wrote:My holding has gotten a little too large so it’s having a trim once ex-div. the proceeds have already been spent on the recent Gore Street Energy Fund (GSF) raise. A bit of a punt on a newish trust with a slightly higher yield (7.82% forward yield).
Cheers, Juan.

According to H-L, last year GSF had an "annual management charge" of 1% and an "ongoing charge" (management + performance) of 3.47%

Is that a little steep, or quite normal?

dundas666 wrote:

JuanDB wrote:My holding has gotten a little too large so it’s having a trim once ex-div. the proceeds have already been spent on the recent Gore Street Energy Fund (GSF) raise. A bit of a punt on a newish trust with a slightly higher yield (7.82% forward yield).
Cheers, Juan.

According to H-L, last year GSF had an "annual management charge" of 1% and an "ongoing charge" (management + performance) of 3.47%

Is that a little steep, or quite normal?

The management charge is not too bad if there is a geographical widespread of investments involving a lot of travelling but I would not buy a trust with a performance fee. They are becoming quite unusual because of course they are a one way benefit for the fund manager, by which I mean they get rewarded if they exceed a certain benchmark but there is no clawback if they fall below it.

Dod

Other than GSF and GRID I am not aware of any alternative investments that give access to the development of energy storage facilities. It seems a useful diversification to me and as an area of emerging technologies, I’m happy to pay a bit more in fees.

Admittedly buying in the raise through primary bid sweetened the deal a bit with a placing at a discount to the share price and able to purchase without incurring stamp duty or fees.

Cheers,

Juan.