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Please note that, as of 28 June, Alliance Trust Savings (ATS) is owned by Interactive Investor Limited. If you have any questions about the sale of ATS and what it means for you, please visit ATS’ website*. If you’d like to stay up to date with the Trust’s performance or any news, please sign up below.
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*The brand names ‘Alliance Trust Savings’, ‘ATS’, ‘AT Savings’ and the ‘Alliance Trust Savings’ logo which may appear on ATS’ website are owned by and used with the permission of Alliance Trust PLC, being the previous owner of ATS.

24 November 2020 Jeff Prestridge

Trust hits its dividend target for 54 Years

LAST UPDATE 15 NOVEMBER 2020

Despite the severe disruption to dividends caused by coronavirus, investment trust Alliance is on course to deliver its 54th consecutive year of dividend uplift to shareholders. 

Next month, the £2.8billion global trust will reveal its final quarterly dividend for the financial year ending December 31 – and it would be a shock if it isn't the same payment (3.595p a share) that has been made in the previous three quarters. 

If all goes to plan, it would mean a three per cent year-on-year increase in income. 

Although the payments are the equivalent of a modest annual income of 1.6 per cent, they will be enthusiastically welcomed by the trust's army of small investors who love its income friendliness, combined with the prospect of long-term capital gain. 

The trust is certainly income rich. It has the equivalent of two years of income (just over £100million) tucked away in reserves that can be drawn upon to supplement the dividends from its existing portfolio.

 

Jeff Prestridge is a personal finance editor of the Mail on Sunday. 

This article was originally published on thisismoney.co.uk

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