Three investment trusts have increased their dividend for 45 years running, according to analysis by the Association of Investment Companies (AIC).
This morning, the £2.2 billion Alliance Trust announced a 7.2% increase in its full-year dividend to 9p, funding the rise of out current year earnings.
Figures published by the AIC show that Alliance Trust has lifted its dividend in every year of the past 45. This feat has also been achieved by the £686.9m City of London investment trust and the £465m Bankers investment trust.
Caledonia Investments has increased its dividend for 44 years running, Albany trust for 42 years and Foreign & Colonial trust for 41 years.
Annabel Brodie-Smith, communications director at the AIC, says: “The investment company sector has a long and proud history of delivering returns for shareholders and what many shareholders are increasingly looking for is a reliable dividend in unreliable times. (article continues below)
“Investment companies have been aware of the importance of yield for years and the sector’s dividend track record is unparalleled.”