City of London Investment Trust
BA69.L (LSE)
The City of London Investment Trust stands out with a remarkable 59-year history of increasing dividends, showcasing its commitment to delivering reliable income to investors. Currently, it offers a dividend yield of approximately 6.82%, though analysts predict a slight decline in the share price over the next year. This investment trust is ideal for those seeking sustainable income through manageable quarterly payouts from financially healthy companies.
Pros:
- 59-year streak of rising dividends
- Sustainable income with manageable payouts
Cons:
- No growth in 1-year and 5-year returns
- Market performance uncertainty
The City of London Investment Trust may be suitable for income-focused investors looking for a reliable dividend payout, given its long-standing history of increasing dividends and a current yield of 6.82%. However, potential investors should be mindful of the stagnant return performance over the past year and the anticipated decline in share price, which could impact overall investment growth.