Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Bankers joins trust elite with 47th dividend hike

Bankers joins trust elite with 47th dividend hike

The £679 million Bankers Investment Trust has hiked its dividend by 6%, marking the 47th consecutive year in which it has done so.

Bankers is proposing a final dividend of 3.6p per share, taking the full-year total to 14.13p. The trust has also forecast a dividend per share of ‘not less than’ 14.7p per share for the year ahead.

Over the past year Bankers has returned 27.9%, compared with an average of 22.1% from its AIC Global sector and 18.5% from the MSCI World index.

Managed by Henderson’s Alex Crooke (pictured), Bankers is now one of three investment trusts – alongside Alliance Trust and City of London – to have raised dividends for 47 years in a row.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter