City of London Inv Trust (CTY)

Sector:

Investment Firms

Index:

FTSE 250

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428.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 436.00
  • 52 Week Low: 376.00
  • Currency: UK Pounds
  • Shares Issued: 378.83m
  • Volume: 326,377
  • Market Cap: £1,621.41m
  • RiskGrade: 48
  • Beta: 0.00

City of London IT continues focus on dividends

Date: Tuesday 08 Sep 2009

LONDON (ShareCast) - Income focused investment trust City of London said the year to end-June 2009 had been a difficult one for the company, especially in 2009 when low-yielding cyclical stocks returned to fashion with a vegenance.

‘Relative to the index, it has been a year of two halves. In the first half, the net asset value total return outperformed by 6.4 percentage points as a result of the defensive bias in the portfolio. In the second half, low yielding cyclical stocks led the market, especially the large mining sector,’ the chairman, Simon de Zoete, said.

Net asset value (NAV) per ordinary share at the end of June 2009 stood at 205.68p, compared to 274.39p at the end of June 2008.

Revenue return per share was 13.15p, a decrease of 2.8%. Despite this, the investment trust increased its dividend for the forty-third consecutive year, upping it by 6.2% to 12.32p.

‘As anticipated in my half year statement, many companies have cut or passed their dividends since January 2009. This has an impact on the range of companies that our manager can prudently include in the portfolio because our priority is to invest in quality companies with good dividend payment potential,’ De Zoete said. ‘Current valuations of many of these companies are attractive by historic standards as are their dividend yields,’ he added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CTY Market Data

Currency UK Pounds
Share Price 428.00p
Change Today 0.50p
% Change 0.12 %
52 Week High 436.00
52 Week Low 376.00
Volume 326,377
Shares Issued 378.83m
Market Cap £1,621.41m
Beta 0.00
RiskGrade 48

CTY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.04% below the market average60.04% below the market average60.04% below the market average60.04% below the market average60.04% below the market average
49.7% below the sector average49.7% below the sector average49.7% below the sector average49.7% below the sector average49.7% below the sector average
Price Trend
37.23% above the market average37.23% above the market average37.23% above the market average37.23% above the market average37.23% above the market average
20.42% above the sector average20.42% above the sector average20.42% above the sector average20.42% above the sector average20.42% above the sector average
Income
11.78% below the market average11.78% below the market average11.78% below the market average11.78% below the market average11.78% below the market average
34.62% above the sector average34.62% above the sector average34.62% above the sector average34.62% above the sector average34.62% above the sector average
Growth
31% below the market average31% below the market average31% below the market average31% below the market average31% below the market average
15.54% below the sector average15.54% below the sector average15.54% below the sector average15.54% below the sector average15.54% below the sector average

CTY Dividends

  Latest Previous
  Q3 Q2
Ex-Div 25-Apr-19 24-Jan-19
Paid 31-May-19 28-Feb-19
Amount 4.75p 4.55p

Trades for 15-Jul-2019

Time Volume / Share Price
16:35 27,917 @ 428.00p
16:29 103 @ 427.50p
16:29 102 @ 427.50p
16:29 89 @ 427.50p
16:29 84 @ 428.00p

CTY Key Personnel

Chair Philip Remnant

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