That's a tiny increase of just 0.44% which is disappointing.
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dundas666 wrote:The final dividend for abrdn Equity Income Trust (AEI) was declared at 5.7p, taking the total annual dividend to 22.8p, compared to 22.7p last year.
That's a tiny increase of just 0.44% which is disappointing.
everhopeful wrote:I hold these but have been underwhelmed by the total return. Despite the poor performance they trade at only a very small discount to NAV less than 1%.
Invesco Select Trust which is also in the UK Equity Income universe has a much better capital performance at all time frames and is trading at a 14% discount to NAV. The yield is 4.38% compared with 7.56% for AEI but if income is not a primary concern I am thinking it might be wise to sell AEI and buy the Invesco trust. Any re-rating of the large discount would be a bonus.
everhopeful wrote:Well that was why I made the point about income not being the primary concern. The attraction is in the large discount and capital performance.
AEI seems rather like HFEL. One is being paid income at the expense of capital return.
monabri wrote:The miniscule increase was to
1. Maintain AIC divi hero status ( my thought on this )...
88V8 wrote:monabri wrote:The miniscule increase was to
1. Maintain AIC divi hero status ( my thought on this )...
I am sure we will see a lot of this for a while.
Piddling increases from high-yielding ITs.
It's the price we pay for smooth dividend continuity.
V8 (holder)
Dod101 wrote:88V8 wrote:I am sure we will see a lot of this for a while.
Piddling increases from high-yielding ITs.
It's the price we pay for smooth dividend continuity.
It is also a nonsense as everyone must know.
88V8 wrote:Dod101 wrote:It is also a nonsense as everyone must know.
If it continued, yes.
But they have done OK, 3.5% avge divi growth five years and a 7.5% yield.
Compare that with the more pedestrian MUT Murray Income for example at 2.5% avge five years and 4.5% yield.
Although MUT have grown the SP c25% in that time vs ??? for AEI who have done that thing of renaming the trust, formerly ASEI, so their past performance is lost in the mists of time.
Anyway, I hold both, swings & roundabouts.
V8
stacker512 wrote:Annual report for 2023 just came out (yesterday?), been surprised by the quoted "Share price total return per ordinary share" of +11.4%
Is that inclusive of dividends, because if not, it seems to contradict my own holding.
DavidM13 wrote:stacker512 wrote:Annual report for 2023 just came out (yesterday?), been surprised by the quoted "Share price total return per ordinary share" of +11.4%
Is that inclusive of dividends, because if not, it seems to contradict my own holding.
I agree with the figures and yes they include dividends. You are checking 30th September 2022 to 30th September 2023 arent you?
DavidM13 wrote:stacker512 wrote:Annual report for 2023 just came out (yesterday?), been surprised by the quoted "Share price total return per ordinary share" of +11.4%
Is that inclusive of dividends, because if not, it seems to contradict my own holding.
I agree with the figures and yes they include dividends. You are checking 30th September 2022 to 30th September 2023 arent you?
stacker512 wrote:DavidM13 wrote:
I agree with the figures and yes they include dividends. You are checking 30th September 2022 to 30th September 2023 arent you?
I was looking at 1Y graphs, so my bad.
However, when looking at the dates, it still seems somehow wrong. This is all likely due to my lack of understanding, rather than anything abrdn might be doing wrong.
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