Dividend heroes

Looking for consistent income? Meet the investment trusts that have grown their dividends, year after year.

Dividend hero logo

Investment trusts have a unique advantage when it comes to paying a regular income.

Unlike other types of investment fund, investment trusts don’t have to pay out all the income they receive from their portfolios each year. They can save up to 15% and tuck it away in a revenue reserve. This allows them to hold back some of the income they receive in good years and use it to boost dividends when payouts might otherwise be falling.

This structural benefit has enabled many investment trusts to pay consistently rising dividends through both good and bad years for decades, a record that’s unrivalled by other funds, such as unit trusts.  

It’s important to remember that dividends are never guaranteed. Your income from investment trusts, just like your capital, can fall as well as rise.  

Dividend heroes

The next generation of dividend heroes

The next generation of dividend heroes are investment trusts that have increased their dividends for at least ten years, but less than 20.

  CompanyAIC sectorNumber of consecutive years dividend increased
Murray International TrustGlobal Equity Income19
BlackRock Greater EuropeEurope18
Schroder Oriental IncomeAsia Pacific Equity Income18
CQS New City High Yield FundDebt - Loans and Bonds17
Henderson Far East IncomeAsia Pacific Equity Income17
International Public PartnershipsInfrastructure16
abrdn Asian Income FundAsia Pacific Equity Income15
Fidelity Special ValuesUK All Companies15
Lowland Investment CompanyUK Equity Income14
Law Debenture CorporationUK Equity Income14
Invesco Global Equity Income TrustGlobal Equity Income14
TR Property Investment TrustProperty Securities14
Chelverton UK Dividend TrustUK Equity Income14
Patria Private EquityPrivate Equity14
Aberforth Smaller CompaniesUK Smaller Companies13
Henderson Opportunities TrustUK All Companies13
Fidelity European TrustEurope13
North American Income TrustNorth America13
Fidelity China Special SituationsChina / Greater China13
Dunedin Income GrowthUK Equity Income13
CT Global Managed Portfolio IncomeFlexible Investment13
CT Private Equity TrustPrivate Equity12
Mid Wynd InternationalGlobal12
Henderson High Income TrustUK Equity & Bond Income12
CT UK High Income TrustUK Equity Income11
Mercantile Investment TrustUK All Companies11
ICG Enterprise TrustPrivate Equity11
Canadian General InvestmentsNorth America11
Henderson International IncomeGlobal Equity Income11
BBGI Global Infrastructure S.A.Infrastructure10
Greencoat UK WindRenewable Energy Infrastructure10
RIT Capital PartnersFlexible Investment10

Source: theaic.co.uk / Morningstar. Companies with the same number of years of consecutive dividend increases are ordered by the date the final dividend was declared. Data as at 02 December 2024.