Schroder Inc Growth: Divi up 1.6%

[forrado]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...

https://www.investegate.co.uk/schroder-inc-growth--scf-/rns/dividend-declaration/202109281203302405N/

Total dividend amount paid to shareholders for the financial year ending 31 August, 2021 of 12.8p per share. An increase of 0.2p (1.6%) on the 12.6p per share paid at the end of the previous financial year.

The Board states it is pleased to report that 94% of the year's dividend was covered by income received during the period despite the challenging environment for UK dividends. A modest transfer was therefore made from the Company's dividend reserves of £0.51 million, which remain healthy at £7.4 million, and equates to approximately 84% of this year's dividend.

With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). Nevertheless, having tenaciously hung around for more than 20 years, the trust has proved itself more than capable of holding it's own against larger competition.

[Dod101]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...

https://www.investegate.co.uk/schroder-inc-growth--scf-/rns/dividend-declaration/202109281203302405N/

Total dividend amount paid to shareholders for the financial year ending 31 August, 2021 of 12.8p per share. An increase of 0.2p (1.6%) on the 12.6p per share paid at the end of the previous financial year.

The Board states it is pleased to report that 94% of the year's dividend was covered by income received during the period despite the challenging environment for UK dividends. A modest transfer was therefore made from the Company's dividend reserves of £0.51 million, which remain healthy at £7.4 million, and equates to approximately 84% of this year's dividend.

With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). Nevertheless, having tenaciously hung around for more than 20 years, the trust has proved itself more than capable of holding it's own against larger competition.

I do not hold it but how about capital growth? From last year's Report it looks OK until it was of course derailed by Covid and a decent yield as well. Interesting.

Dod

[scotia]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...
With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). .

A Comparison (data from Hargreaves Lansdown)
Schroder Inc Growth (SCF) - Div Yield = 4.16%, 5 year total return = 46.13%
Murray Income (MUT) - Div Yield = 3.87%, 5 year total return = 50.95%
City of London (CTY) - Div Yield = 4.93%, 5 year total return = 19.22%

[DavidM13]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...
With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). .

A Comparison (data from Hargreaves Lansdown)
Schroder Inc Growth (SCF) - Div Yield = 4.16%, 5 year total return = 46.13%
Murray Income (MUT) - Div Yield = 3.87%, 5 year total return = 50.95%
City of London (CTY) - Div Yield = 4.93%, 5 year total return = 19.22%

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

[Dod101]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...
With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). .

A Comparison (data from Hargreaves Lansdown)
Schroder Inc Growth (SCF) - Div Yield = 4.16%, 5 year total return = 46.13%
Murray Income (MUT) - Div Yield = 3.87%, 5 year total return = 50.95%
City of London (CTY) - Div Yield = 4.93%, 5 year total return = 19.22%

Of those three I hold only Murray Income. It was a conscious choice to avoid City of London but I did not look at Schroder Income Growth. It looks quite good. City of London gets a decent write up in The Times this morning but of course addresses only the income. However most ITs get their day in the sun because for years Murray Income did very little.

Knowing what my HYP like shares have done (or rather not done) City of London could not be much different considering its portfolio has even more of the same.

Dod

[Arborbridge]

SCF is a bit of a favourite of mine and I've often thought had I invested all my capital into it, I would be better off than I am - such is life. One could say that about many investments, but one always does a bit of this and that for safety.

Five year income growth 3.84% pa for 5 years is quite decent enough - though it was over 4% before. Assuming CTY keeps the next dividend at the previous level, they will have managed 3.4% pa for 5 years, so a smidgen less.

Arb.

We are all fishing in the same pond, but some catch more fish.

[dundas666]

What do you guys think of JPMorgan Claverhouse? They seem to have a pretty good record, but I seldom hear them discussed here.

.                             Yield     5YrTR   5YrDivGrow%pa
Schroder Inc Growth   SCF     4.12%    46.13%     4.11%
Murray Income         MUT     3.91%    50.95%     1.36%
City of London        CTY     5.02%    19.22%     3.74%
JPMorgan Claverhouse  JCH     4.20%    56.62%     6.53%

[Arborbridge]

What do you guys think of JPMorgan Claverhouse? They seem to have a pretty good record, but I seldom hear them discussed here.

.                             Yield     5YrTR   5YrDivGrow%pa
Schroder Inc Growth   SCF     4.12%    46.13%     4.11%
Murray Income         MUT     3.91%    50.95%     1.36%
City of London        CTY     5.02%    19.22%     3.74%
JPMorgan Claverhouse  JCH     4.20%    56.62%     6.53%

yes, they have been mentioned and at were a pick for a basket by the much admired poster called Luni, many years ago. From the above, it looks like I should have bought them too!

[Dod101]

SCF is a bit of a favourite of mine and I've often thought had I invested all my capital into it, I would be better off than I am - such is life. One could say that about many investments, but one always does a bit of this and that for safety.

Five year income growth 3.84% pa for 5 years is quite decent enough - though it was over 4% before. Assuming CTY keeps the next dividend at the previous level, they will have managed 3.4% pa for 5 years, so a smidgen less.

Arb.

We are all fishing in the same pond, but some catch more fish.

I nowadays like to look at total return as well after the disastrous lessons of the tobaccos which have amply demonstrated to me anyway that you cannot just look at the income. On that basis, City of London has a very poor outcome.

Dod

[scotia]

Schroder Inc Growth (SCF) to pay a 4th and final interim dividend payment to shareholders of 5.3p per share payable 29th October ...
With a current market cap of just £211-million SCF tends to find itself overshadowed by the likes of City of London (CTY) and Murray Income (MUT). .

A Comparison (data from Hargreaves Lansdown)
Schroder Inc Growth (SCF) - Div Yield = 4.16%, 5 year total return = 46.13%
Murray Income (MUT) - Div Yield = 3.87%, 5 year total return = 50.95%
City of London (CTY) - Div Yield = 4.93%, 5 year total return = 19.22%

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

Yes - The route is a bit convoluted. On the HL front page (http://www.hl.co.uk) select Funds (not Shares). In the Search funds box, select an OEIC - e.g. Fundsmith (any Fundsmith OEIC from the list will do). And on the displayed Fundsmith page, select Charts and Performance. Now in the Add to Chart boxes you can select Investment Trusts - Schroder Investment Management - Schroder Income Growth. It will be added to the graph, and the cumulative performance figures will be displayed in the table. You can add other ITs for comparison.

[Dod101]

What do you guys think of JPMorgan Claverhouse? They seem to have a pretty good record, but I seldom hear them discussed here.

.                             Yield     5YrTR   5YrDivGrow%pa
Schroder Inc Growth   SCF     4.12%    46.13%     4.11%
Murray Income         MUT     3.91%    50.95%     1.36%
City of London        CTY     5.02%    19.22%     3.74%
JPMorgan Claverhouse  JCH     4.20%    56.62%     6.53%

I know little about Claverhouse but a look through the latest Annual Report and the more recent Interim Report shows active management of the portfolio with clear views expressed, and a very interesting portfolio which includes Scottish Mortgage and Wizz Air. I might even buy into it before long. They would sit well alongside my Murray Income I think.

I know the reference to Claverhouse as in Bonnie Dundee, and am interested to see that it was founded by Robert Fleming and Co, so a good pedigree.

Dod

[Itsallaguess]

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

Yes - The route is a bit convoluted.

On the HL front page (http://www.hl.co.uk) select Funds (not Shares). In the Search funds box, select an OEIC - e.g. Fundsmith (any Fundsmith OEIC from the list will do). And on the displayed Fundsmith page, select Charts and Performance.

Now in the Add to Chart boxes you can select Investment Trusts - Schroder Investment Management - Schroder Income Growth.

It will be added to the graph, and the cumulative performance figures will be displayed in the table. You can add other ITs for comparison.

It's an extremely useful resource, and especially so given the different investment-types that can be charted and compared.

Rather than mess about with the above convoluted route to the page though, I just bookmarked the following link and start from there now, removing Fundsmith once a second investment has been added -

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/fundsmith-equity-class-i-accumulation/charts

It's probably one of the most frequently used bookmark links that I've got...

Cheers,

Itsallaguess

[dundas666]

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

You can also find 1, 3, 5 and 10 year Total return in the AIC website, and the TR values are actually called "SPTR 5yr (%)" for example.

https://www.theaic.co.uk/aic/find-compa ... ed-compare

[Arborbridge]

SCF is a bit of a favourite of mine and I've often thought had I invested all my capital into it, I would be better off than I am - such is life. One could say that about many investments, but one always does a bit of this and that for safety.

Five year income growth 3.84% pa for 5 years is quite decent enough - though it was over 4% before. Assuming CTY keeps the next dividend at the previous level, they will have managed 3.4% pa for 5 years, so a smidgen less.

Arb.

We are all fishing in the same pond, but some catch more fish.

I nowadays like to look at total return as well after the disastrous lessons of the tobaccos which have amply demonstrated to me anyway that you cannot just look at the income. On that basis, City of London has a very poor outcome.

Dod

Yes, that's true. However, provided the income grows and the capital grows eventually to match it, it isn't much of a problem except in the mind. The broad alternative for my pension pot would have been a total loss of capital to an annuity. With a given pension pot and required income pa, it is necessary to achieve a certain yield - over and above that, I agree one may as well go for the higher TR, and certainly look at dividend growth. that was, of course, Luni's point of focus.
A practical problem occurs: which is the higher TR, and at which point does one decide to ditch and switch.
As you know, my TR for CTY was significantly higher that MUT for several years - which is why I ditched MUT.

One is in a crazy world of swings and roundabouts.

What I've done down the years is a mixture which overlap and interleave. i.e. some high yielders which bring my income high enough, interleaved with higher dividend growth instruments which will carry the burdon eventually. A sort ragged collection of tortoises and hares.

What else can one do, unless one is very wealthy or wishes to live like an old time student in a garrett?

Arb.

[Dod101]

I appreciate all that you say Arb. I do not think many would consider me wealthy but being on my own nowadays my income from dividends more than covers my outgoings so I guess I can take a slightly more relaxed view of dividend income, in favour of capital growth.

Dod

[Arborbridge]

I appreciate all that you say Arb. I do not think many would consider me wealthy but being on my own nowadays my income from dividends more than covers my outgoings so I guess I can take a slightly more relaxed view of dividend income, in favour of capital growth.

Dod

I'm half way into that bracket; I generate enough, so any extra does not have to achieve high yields. Indeed, I have a small percentage of investments in growth ITs without particular reference to their yield.

Arb.

[DavidM13]

A Comparison (data from Hargreaves Lansdown)
Schroder Inc Growth (SCF) - Div Yield = 4.16%, 5 year total return = 46.13%
Murray Income (MUT) - Div Yield = 3.87%, 5 year total return = 50.95%
City of London (CTY) - Div Yield = 4.93%, 5 year total return = 19.22%

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

Yes - The route is a bit convoluted. On the HL front page (http://www.hl.co.uk) select Funds (not Shares). In the Search funds box, select an OEIC - e.g. Fundsmith (any Fundsmith OEIC from the list will do). And on the displayed Fundsmith page, select Charts and Performance. Now in the Add to Chart boxes you can select Investment Trusts - Schroder Investment Management - Schroder Income Growth. It will be added to the graph, and the cumulative performance figures will be displayed in the table. You can add other ITs for comparison.

Thanks for that. Good to know they have the data then.

Of course you are also welcome to chart investment companies vs other investment companies on the wonderful AIC graphing package if you wish! https://www.theaic.co.uk/companydata/0P ... erformance

#shamelessplug

[DavidM13]

Where exactly on the HL website do you see these total return figures please? I can only find capital return on there but am interested if they also show total return.

You can also find 1, 3, 5 and 10 year Total return in the AIC website, and the TR values are actually called "SPTR 5yr (%)" for example.

https://www.theaic.co.uk/aic/find-compa ... ed-compare

The original and best!