The next generation of investment company dividend heroes has two new joiners with 10 year records

The latest list of investment companies that have increased their dividends every year for between 10 and 20 years.

Last week the Association of Investment Companies (AIC) published its list of dividend heroes, the investment companies that have consecutively increased their dividends for 20 years or more. But which investment companies are following in their footsteps?

With inflation rising to 2.3%, it’s timely that the AIC has today published an updated list of the next generation of dividend heroes, namely the investment companies which have increased their dividends every year for 10 years or more but less than 20 years.

There are two new additions to this year’s list, namely Henderson European Focus Trust from the Europe sector and Schroder Oriental Income from the Asia Pacific – Excluding Japan sector, which have both consecutively increased their dividends for 10 years.

Annabel Brodie-Smith, Communications Director at the AIC said: “It’s encouraging in this time of rising inflation that 12% of the investment company sector have increased their dividend every year for ten years or longer. There are a healthy number of next generation dividend heroes waiting in the wings, which have increased their dividends each year for between ten and twenty years. Investment companies’ ability to smooth dividends allows them to hold back some income for tough times ahead and is a key advantage of the structure.”

Next generation dividend heroes

Company

AIC sector

Number of consecutive years’ dividend increased

Invesco Income Growth

UK Equity Income

19

Perpetual Income & Growth

UK Equity Income

17

Standard Life Equity Income

UK Equity Income

16

TR European Growth

European Smaller Companies

14

Athelney

UK Smaller Companies

14

BlackRock Throgmorton Trust

UK Smaller Companies

13

BlackRock Smaller Companies

UK Smaller Companies

13

Establishment Investment Trust

Global

13

Henderson Smaller Companies

UK Smaller Companies

13

Artemis Alpha Trust

UK All Companies

12

Aberdeen New Dawn

Asia Pacific – Excluding Japan

12

Witan Pacific

Asia Pacific – Including Japan

12

Henderson EuroTrust

Europe

12

Murray International

Global Equity Income

12

Edinburgh Investment

UK Equity Income

11

BlackRock Greater Europe

Europe

11

Schroder Oriental Income

Asia Pacific – Excluding Japan

10

Henderson European Focus

Europe

10

-Ends-

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Notes

  1. Dividend data source: AIC using Morningstar excluding special dividends, at 21 March 2017.
  2. The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment.  Today, the AIC represents a broad range of closed ended investment companies, incorporating investment trusts and other closed ended investment companies and VCTs.  The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help Members add value for shareholders over the longer term. The AIC has 345 members and the industry has total assets of approximately £163 billion.
  3. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance.  The value of investment company shares, and the income from them, can fall as well as rise.  You may not get back the full amount invested and, in some cases, nothing at all.