A quarter of the AIC’s member investment companies pay a quarterly dividend

Recent announcements from a number of investment companies suggest an increasing trend towards quarterly dividend payments.

Witan Investment Trust was last week one of several investment companies who have announced they are switching from bi-annual to quarterly dividend payments.  Others to have moved to quarterly dividend payments include Foreign & Colonial Investment Trust, Lowland Investment Company, Standard Life Equity Income Trust and Henderson Global Trust.

A quarter (72 companies) of the AIC’s membership (excluding VCTs) pay a quarterly dividend, with the majority of these having an income focus, from the UK Growth & Income and Global Growth & Income sectors, through to the property sectors. Interestingly, F&C Commercial Property pays a monthly dividend. The AIC has published a list of companies paying quarterly dividends, and publishes dividend payment dates for individual member companies in the member profile pages of its website, www.theaic.co.uk.

Annabel Brodie-Smith, Communications Director, Association of Investment Companies (AIC) said: “Dividend dates are important for many income hungry investors, and this is particularly the case in the current low interest rate environment. So it’s interesting to see a growing number of companies moving to quarterly dividend payments, suggesting that many investors favour a ‘little and often’ approach to income investing.

Company

Sector

Dividend dates

Yield (%)

Aberdeen Asian Income Asia Pacific Excluding Japan

Apr Jul Oct Jan

3.1

Aberdeen Latin American Income Latin America

Jan Apr Jul Oct

3.8

Aberdeen Smaller Companies High Income UK High Income

Apr Jul Oct Jan

3.5

Alcentra European Floating Rate Income Sector Specialist: Debt

Jun Sep Dec Mar

5.0

Alliance Trust Global Growth

Jan Apr Jul Oct

2.4

Bankers Global Growth

May Aug Nov Feb

2.8

BlackRock Commodities Income Sector Specialist: Commodities & Natural Resources

Jan Apr Jul Oct

4.7

BlackRock North American Income North America

Apr Jul Oct Jan

3.5

British Assets Global Growth & Income

Apr Jul Oct Jan

4.7

City Merchants High Yield UK High Income

Apr Jul Oct Jan

5.6

City Natural Resources High Yield Sector Specialist: Commodities & Natural Resources

Aug Nov Feb May

2.3

City of London UK Growth & Income

Nov Feb May Aug

4.3

DCG IRIS Sector Specialist: Insurance & Reinsurance Strategies

Sep Dec

Mar Jun

3.5

Diverse Income Trust UK Growth & Income

Nov Feb May Aug

3.5

Duet Real Estate Finance Sector Specialist: Debt

Apr Jul Oct Jan

6.3

Dunedin Income Growth UK Growth & Income

Aug Nov Feb May

4.3

Edinburgh Investment UK Growth & Income

Nov Feb May Jul

4.2

F&C Capital & Income UK Growth & Income

Mar Jun Sep Jan

3.7

F&C Commercial Property Property Direct- UK

Monthly

5.8

F&C Managed Portfolio Income Global Growth & Income

Oct Jan Apr Jul

4.2

Greenwich Loan Income Sector Specialist: Debt

Mar Jun Sep Dec

9.3

Foreign & Colonial Global Growth

Aug, Nov, Feb, May

2.5

Henderson Diversified Income Global High Income

Mar Jun Sep Dec

5.7

Henderson Far East Income Asia Pacific Excluding Japan

Feb May Aug Nov

4.6

Henderson Global Global Growth

Apr, Jul

Oct, Jan

2.8

Henderson High Income UK High Income

Apr Jul Oct Jan

5.7

Henderson International Income Global Growth & Income

Feb May Aug Nov

3.6

International Oil & Gas Technology Sector Specialist: Commodities & Natural Resources

Apr Jul Sep Jan

2.1

INVESCO Income Growth UK Growth & Income

Dec Oct Jul Mar

3.8

INVESCO Leveraged High Yield Global High Income

Jan Apr Jul Oct

7.7

Invesco Perpetual Select Global Equity Income Global Growth & Income

Nov Feb May Jul

2.1

Invesco Perpetual Select Managed Liquidity Sector Specialist: Liquidity Funds

Nov Feb May Jul

0.5

Invesco Perpetual Select UK Equity UK Growth

Nov Feb May Jul

3.8

Investors Capital A UK High Income

May Aug Nov Feb

5.0

Investors Capital B UK High Income

May Aug Nov Feb

Investors In Global Real Estate Property Securities

Jun Sep Dec Mar

3.8

IRP Property Investments Property Direct: UK

Dec Mar Jun Sep

12.1

ISIS Property Property Direct: UK

May Aug Nov Feb

9.3

JPMorgan Claverhouse UK Growth & Income

Jun Sep Dec Mar

3.9

JPMorgan Elect Managed Cash Sector Specialist: Liquidity Funds

Dec Mar Jun Sep

0.4

JPMorgan Elect Managed Growth Global Growth

Dec Mar Jun Sep

1.4

JPMorgan Elect Managed Income UK Growth & Income

Mar Jun Sep Dec

3.9

JPMorgan Global Emerging Markets Income Global Emerging Markets

Feb May Aug Nov

3.8

London & St Lawrence Global Growth & Income

Feb May Aug Nov

3.9

Lowland UK Growth & Income

Apr Jul Oct Jan

2.8

MedicX Property Specialist

Mar Jun Sep Dec

7.5

Mercantile UK Growth

Aug Nov Feb May

3.1

Merchants UK Growth & Income

Aug Nov Feb May

5.7

Midas Income & Growth Global Growth & Income

Sep Dec Mar Jun

4.3

Middlefield Canadian Income North America

Apr Jul Oct Jan

4.7

Murray Income UK Growth & Income

Jan Apr Jul Dec

4.8

Murray International Global Growth & Income

Aug Nov Feb May

3.7

NB Global Floating Rate Income Sector Specialist: Debt

Mar Jun Sep Dec

4.8

NB Global Floating Rate Income USD Sector Specialist: Debt

Mar Jun Sep Dec

4.8

New City Energy Sector Specialist: Commodities & Natural Resources

Jan Apr Jul Oct

3.8

New City High Yield UK High Income

Nov Feb Mayyy Aug

6.0

Perpetual Income & Growth UK Growth & Income

Sep Dec Mar Jun

3.6

Personal Assets Global Growth

Jan Apr Jul Oct

1.6

Polar Capital Global Healthcare Growth & Income Sector Specialist: Biotechnology & Healthcare

Feb May Aug Nov

2.4

Real Estate Credit Investments Sector Specialist: Debt

Apr Jul Oct Jan

6.1

Schroder Income Growth UK Growth & Income

Jan Apr Jul Oct

4.5

Schroder Real Estate Property Direct: UK

Aug Nov Feb May

9.3

Scottish American Global Growth & Income

Jun Sep Dec Apr

4.1

Securities Trust of Scotland Global Growth & Income

Sep Dec Mar Jun

3.5

Shires Income UK Growth & Income

Oct Jan Apr Jul

5.4

Standard Life Investments Property Income Property Direct: UK

May Aug Nov Feb

7.6

Standard Life Equity Income UK Growth & Income

Mar Jun Sep Dec

3.9

Starwood European Real Estate Finance Sector Specialist: Debt

Mar Jun Sep Dec

2.7

Troy Income & Growth UK Growth & Income

Jan Apr Jul Oct

3.5

UK Commercial Property Property Direct: UK

May Aug Nov Feb

7.7

Utilico Emerging Markets Global Emerging Markets

Sep Dec Mar Jun

3.2

Two money columns - Ian Britton (FreeFoto.com)

Two money columns – Ian Britton (FreeFoto.com)

 

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