BMO Capital and Income Investment Trust dividend rises for the 28th consecutive year

by | Nov 25, 2021

BMO Capital and Income Investment Trust plc full year results for the year ending 30 September 2021 sees the company’s dividend rise for the 28th consecutive year, as portfolio comfortably outperforms benchmark.

Financial highlights

  • The Company’s Net Asset Value (“NAV”) total return for the year was +37.8%, outperforming the FTSE All-Share Index (the “Benchmark”) which returned +27.9% for the same period.
  • Pleasingly, Net Asset Value total return is ahead of the Benchmark over 1, 3, 5, 10, 20 years and since launch in 1992.
  • The Company will pay a fourth interim dividend of 3.75 pence per share to bring the total for the year to 11.60 pence per share, an increase of 0.9%.
  • This is the 28th consecutive year of increased payments maintaining the Company’s status as an AIC Dividend Hero.

 

The Chairman, Jonathan Cartwright, said: “This year we experienced the recovery of equity markets following the COVID-19 related collapse the previous year and I am pleased to report that the performance of your Company was strong.

“Whilst the future is always uncertain, it certainly feels at present as though there are more issues of potential concern than usual. Globally, supply chains are under enormous pressure, energy prices are soaring and more general inflationary pressure is building. Central Banks are talking about reducing Quantitative Easing and increasing interest rates.

“On the other hand, there are clearly opportunities to grasp.  Your investment Manager sees opportunities to invest in companies generating good returns despite the circumstances and this combined with UK stock market valuations that do not appear too demanding give confidence that we should again be able to secure our objective of long-term capital and income growth for Shareholders.”

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