2016-02-18

Share

AIC publishes dividend payment dates for member companies.

It’s no secret that in today’s low interest rate environment, investors are on the hunt for yield.  And it would seem that many investors also value the regularity of dividend payments, judging by the way the investment company sector has evolved in recent years.

Research published today by the Association of Investment Companies (AIC) suggests that the percentage of member investment companies paying quarterly dividends has more than doubled since 2010.  Some 92 conventional investment companies now pay a quarterly dividend (43%), compared to 82 by number a year ago (32%).  In 2010, just 17% of AIC member companies paid a quarterly dividend.

Bi-annual dividends remain a common feature of the sector amongst 30% of AIC members, whilst just under a quarter (23%) of conventional investment companies pay an annual dividend.  Just two investment companies, European Assets and Perpetual Income & Growth pay their dividends three times a year. Five investment companies now pay a monthly dividend, compared to four a year ago and only one at the beginning of 2014: Ediston Property, F&C Commercial Property, Fair Oaks Income, GLI Alternative Finance and TwentyFour Select Monthly Income.

Leanest months

Dividend payment dates amongst AIC member investment companies are relatively evenly spread throughout the year. This means that investors and advisers who want to develop a portfolio of investment companies which provide a regular income stream have a good deal of choice.  The leanest months for dividend payments are March, April and September. In each of these months some 45 member investment companies pay a dividend.

Annabel Brodie-Smith, Communications Director, Association of Investment Companies (AIC) said: “Investment companies have been maximising their income advantages to deliver returns to shareholders for generations.  Investment companies have a unique ability to hold back some of the income they receive for tougher times, and this is especially pertinent in the current volatile stock market conditions. Investment companies also offer access to a wider variety of investments such as commercial property, infrastructure and specialist debt and have the flexibility to pay dividends out of profits.  The sector now offers more choice than ever before for income investors.”

The AIC has published this research as part of its series ‘Freedom in Pensions’ looking at how investment companies can be used to build a long-term pension portfolio, as well as their unique advantages in delivering a higher or growing income in retirement.

View the AIC guide to income

AIC video: How investment companies can meet your income needs

Visit the ‘Freedom in pensions’ area of the AIC website

Monthly dividend payers

Company

AIC sector

Dividend yield (%)

Ediston Property

Property Direct – UK

5.26

F&C Commercial Property

Property Direct – UK

4.54

Fair Oaks Income

Sector Specialist: Debt

11.89

GLI Alternative Finance

Sector Specialist: Debt

9.65

TwentyFour Select Monthly Income

Sector Specialist: Debt

7.38

Quarterly dividend payers

Company

AIC sector

Dividend yield (%)

Payment dates

Aberdeen Asian Income

Asia Pacific – Excluding Japan

5.82

Feb, May, Aug, Nov

Aberdeen Latin American Income

Latin America

8.07

Jan, April, Jul, Oct

Aberdeen Smaller Companies High Income

UK Equity & Bond Income

3.43

Jan, April, Jul, Oct

AEW UK REIT

Property Direct – UK

2.48

Mar, Jun, Sept, Dec

Alcentra European Floating Rate Income

Sector Specialist: Debt

5.56

Feb, May, Aug, Nov

Alliance Trust

Global

2.07

Mar, Jun, Sept, Dec

Amedeo Air Four Plus

Sector Specialist: Leasing

8.91

Jan, April, Jul, Oct

Bankers

Global

2.73

Feb, May, Aug, Nov

BlackRock Commodities Income

Sector Specialist: Commodities & Natural Resources

11.54

Jan, April, Jul, Oct

BlackRock Income Strategies

Flexible Investment

5.29

Jan, April, Jul, Oct

BlackRock North American Income

North America

3.76

Jan, April, Jul, Oct

Blackstone/GSO Loan Financing

Sector Specialist: Debt

8.26

Feb, May, Aug, Nov

Bluefield Solar Income Fund

Sector Specialist: Infrastructure – Renewable Energy

7.11

Mar, Jun, Sept, Dec

Brunner

Global

3.16

Mar, Jun, Sept, Dec

City Merchants High Yield

UK Equity & Bond Income

5.75

Feb, May, Aug, Nov

City Natural Resources High Yield

Sector Specialist: Commodities & Natural Resources

7.38

Feb, May, Aug, Nov

City of London

UK Equity Income

4.12

Feb, May, Aug, Nov

CQS New City High Yield

UK Equity & Bond Income

8.19

Feb, May, Aug, Nov

Diverse Income Trust

UK Equity Income

2.74

Feb, May, Aug, Nov

DP Aircraft I

Sector Specialist: Leasing

9.11

Feb, May, Aug, Nov

Drum Income Plus REIT

Property Direct – UK

34.59

Feb, May, Aug, Nov

Duet Real Estate Finance

Sector Specialist: Debt

40

Mar, Jun, Sept, Dec

Dunedin Income Growth

UK Equity Income

5.11

Feb, May, Aug, Nov

Edinburgh Investment

UK Equity Income

3.4

Feb, May, Aug, Nov

Empiric Student Property

Property Direct – UK

5.32

Mar, Jun, Sept, Dec

F&C Capital & Income

UK Equity Income

4.06

Mar, Jun, Sept, Dec

F&C Managed Portfolio Income

Global Equity Income

4.58

Jan, April, Jul, Oct

F&C UK Real Estate Investments

Property Direct – UK

5.05

Mar, Jun, Sept, Dec

Foreign & Colonial Investment Trust

Global

2.27

Feb, May, Aug, Nov

GCP Infrastructure Investments

Sector Specialist: Infrastructure

6.61

Feb, May, Aug, Nov

Greencoat UK Wind

Sector Specialist: Infrastructure – Renewable Energy

6.05

Feb, May, Aug, Nov

Henderson Diversified Income

Global High Income

5.85

Mar, Jun, Sept, Dec

Henderson Far East Income

Asia Pacific – Excluding Japan

7.27

Feb, May, Aug, Nov

Henderson Global

Global

2.89

Jan, April, Jul, Oct

Henderson High Income

UK Equity & Bond Income

5.19

Jan, April, Jul, Oct

Henderson International Income

Global Equity Income

3.88

Jan, April, Jul, Oct

HICL Infrastructure

Sector Specialist: Infrastructure

4.92

Mar, Jun, Sept, Dec

ICG-Longbow Senior Secured UK Property Debt Inv

Sector Specialist: Debt

5.8

Jan, April, Jul, Oct

Invesco Income Growth

UK Equity Income

3.75

Mar, Jul, Oct, Dec

Invesco Perpetual Enhanced Income

Global High Income

7.42

Jan, May, Jul, Oct

Invesco Perpetual Select Global Equity Income

Global Equity Income

3.95

Feb, May, Aug, Nov

Invesco Perpetual Select UK Equity

UK All Companies

3.8

Feb, May, Aug, Nov

Invesco Perpetual UK Smaller Companies

UK Smaller Companies

3.8

Mar, Jun, Sept, Dec

Investment Company

UK Equity Income

6.56

Feb, May, Aug, Nov

Investors Capital A

UK Equity & Bond Income

5.35

Feb, May, Aug, Nov

JPMorgan Claverhouse

UK Equity Income

3.81

Mar, Jun, Sept, Dec

JPMorgan Elect Managed Growth

Global

1.16

Mar, Jun, Sept, Dec

JPMorgan Elect Managed Income

UK Equity Income

3.82

Mar, Jun, Sept, Dec

JPMorgan European Income

Europe

3.75

Jan, April, Jul, Oct

JPMorgan Global Convertibles Income

Sector Specialist: Debt

5.23

Mar, Jun, Oct, Dec

JPMorgan Global Emerging Markets Income

Global Emerging Markets

6.41

Jan, April, Jul, Oct

JPMorgan Senior Secured Loan

Sector Specialist: Debt

6.01

Jan, April, July, Nov

Jupiter Global

Global

2.25

Mar, Jun, Sept, Dec

Kennedy Wilson Europe Real Estate

Property Direct – Europe

2.51

Jan, April, Jul, Nov

London & St Lawrence

Global Equity Income

4.32

Feb, May, Aug, Nov

Lowland

UK Equity Income

3.34

Jan, April, Jul, Oct

Martin Currie Global Portfolio

Global

2.37

Jan, April, Jul, Oct

Marwyn Value Investors

Global Smaller Companies

5.08

Jan, April, Jul, Oct

MedicX

Property Specialist

6.92

Mar, Jun, Sept, Dec

Mercantile

UK All Companies

2.72

Feb, May, Aug, Oct

Merchants

UK Equity Income

5.85

Feb, May, Aug, Nov

Middlefield Canadian Income Trusts

North America

7.14

Jan, April, Jul, Oct

Murray Income

UK Equity Income

4.93

Jan, April, Jul, Oct

Murray International

Global Equity Income

5.83

Feb, May, Aug, Nov

NB Global Floating Rate Income

Sector Specialist: Debt

4.24

Feb, May, Aug, Nov

New City Energy

Sector Specialist: Commodities & Natural Resources

8.51

Jan, April, Jul, Oct

North American Income

North America

3.87

Feb, Jun, Aug, Nov

P2P Global Investments

Sector Specialist: Debt

6.4

Feb, May, Aug, Nov

Personal Assets

Flexible Investment

1.59

Jan, April, July, Nov

Polar Capital Global Healthcare Growth & Income

Sector Specialist: Biotechnology & Healthcare

2.2

Mar, May, Aug, Nov

Ranger Direct Lending

Sector Specialist: Debt

10.4

Apr, Jun, Sept, Dec

Real Estate Credit Investments

Sector Specialist: Debt

6.84

Mar, Jun, Sept, Dec

Schroder Global Real Estate Securities

Property Securities

2.31

Mar, Jun, Sept, Dec

Schroder Income Growth

UK Equity Income

4.11

Jan, April, Jul, Oct

Schroder Oriental Income

Asia Pacific – Excluding Japan

4.69

Jan, April, Jul, Oct

Schroder Real Estate

Property Direct – UK

4.28

Feb, May, Aug, Nov

Scottish American

Global Equity Income

4.22

Mar, Jun, Sept, Dec

Securities Trust of Scotland

Global Equity Income

3.85

Mar, Jun, Sept, Dec

Seneca Global Income & Growth

Global Equity Income

4.16

Mar, Jun, Sept, Dec

Sequoia Economic Infrastructure Income

Sector Specialist: Infrastructure

4.95

Mar, Jun, Sept, Dec

Sequoia Economic Infrastructure Income C shares

Sector Specialist: Infrastructure

11.96

Mar, Jun, Sept, Dec

Shires Income

UK Equity Income

6.2

Jan, April, Jul, Oct

SQN Asset Finance Income

Sector Specialist: Leasing

7.09

Feb, May, Aug, Nov

Standard Life Equity Income

UK Equity Income

3.39

Mar, Jun, Sept, Dec

Standard Life Investments Property Income

Property Direct – UK

5.34

Feb, May, Aug, Nov

Starwood European Real Estate Finance

Sector Specialist: Debt

6.57

Feb, May, Aug, Nov

Target Healthcare REIT

Property Specialist

5.66

Feb, May, Aug, Nov

Temple Bar

UK Equity Income

3.98

Mar, Jun, Sept, Dec

Troy Income & Growth

UK Equity Income

3.37

Jan, April, Jul, Oct

TwentyFour Income

Sector Specialist: Debt

6.05

Jan, April, Jul, Oct

UK Commercial Property

Property Direct – UK

4.43

Mar, May, Aug, Nov

UK Mortgages

Sector Specialist: Debt

6.52

Jan, April, Jul, Oct

Utilico Emerging Markets

Global Emerging Markets

3.81

Mar, Jun, Sept, Dec

VPC Specialty Lending Investments

Sector Specialist: Debt

6.35

Mar, Jun, Sept, Dec

Witan

Global

2.19

Mar, Jun, Sept, Dec

Tri-annual dividends

Company

AIC sector

Dividend yield (%)

Payment dates

European Assets

European Smaller Companies

6.54

Jan, May, Aug

Perpetual Income & Growth

UK Equity Income

3.57

Jun, Sep, Dec

Bi-annual dividends

Company

AIC sector

Dividend yield (%)

Payment dates

Aberdeen New Dawn

Asia Pacific – Excluding Japan

2.71

Jan, Sep

Aberforth Smaller Companies

UK Smaller Companies

2.3

Mar, Aug

AcenciA Debt Strategies

Hedge Funds

4.68

May, Sep

Artemis Alpha Trust

UK All Companies

1.6

Jan, Aug

BBGI SICAV S.A.

Sector Specialist: Infrastructure

4.63

Jun, Oct

BlackRock Frontiers

Global Emerging Markets

5.71

Feb, Jul

BlackRock Greater Europe

Europe

2.03

May, Dec

BlackRock Income & Growth

UK Equity Income

3.39

Mar, Sep

BlackRock Latin American

Latin America

7.34

May, Oct

BlackRock Smaller Companies

UK Smaller Companies

1.76

Jun, Dec

BlackRock Throgmorton Trust

UK Smaller Companies

1.44

Apr, Aug

BlackRock World Mining

Sector Specialist: Commodities & Natural Resources

12.28

May, Sep

Blue Capital Global Reinsurance Fund

Sector Specialist: Insurance & Reinsurance Strategies

6.63

Feb, Aug

British & American

UK Equity Income

9.41

Jun, Nov

British Empire

Global

2.75

Jan, Jun

Caledonia

Global

2.33

Jan, Aug

CC Japan Income & Growth

Japan

3.58

Mar, Jul

Dunedin Smaller Companies

UK Smaller Companies

2.9

Feb, Jul

Establishment Investment Trust

Global

3.24

Aug, Dec

F&C Global Smaller Companies

Global

1.07

Jan, Aug

F&C Private Equity

Private Equity

4.65

May, Nov

Fidelity Special Values

UK All Companies

1.76

May, Dec

Finsbury Growth & Income

UK Equity Income

2.07

May, Nov

Hansa Trust (A Ord)

Global

2.12

Aug, Dec

Hansa Trust (Ord)

Global

2.08

Aug, Dec

Henderson European Focus

Europe

2.62

Feb, Jun

Henderson EuroTrust

Europe

2.19

Apr, Nov

Henderson Opportunities

UK All Companies

1.75

May, Sep

Henderson Smaller Companies

UK Smaller Companies

2.15

Mar, Oct

Independent Investment Trust

Global

1.52

Apr, Aug

International Public Partnerships

Sector Specialist: Infrastructure

4.59

Jun, Oct

John Laing Environmental Assets Group

Sector Specialist: Infrastructure – Renewable Energy

6.19

Jun, Dec

John Laing Infrastructure

Sector Specialist: Infrastructure

5.66

May, Oct

JPMorgan American

North America

1.24

May, Oct

JPMorgan Elect Managed Cash

Sector Specialist: Liquidity Funds

0.35

Mar, Sep

JPMorgan European Growth

Europe

2.86

Apr, Oct

JPMorgan European Smaller Companies

European Smaller Companies

1.17

Jan, Jul

JPMorgan MidCap

UK All Companies

2.45

Apr, Nov

Keystone

UK All Companies

2.99

Jun, Dec

Law Debenture Corporation

Global

3.63

Apr, Sep

Majedie

Global

3.23

Jan, Jun

Martin Currie Asia Unconstrained

Asia Pacific – Excluding Japan

3

Aug, Dec

Mid Wynd International

Global

1.26

Apr, Oct

Mithras

Private Equity

0.69

May, Oct

Monks

Global

1

Jan, Aug

Montanaro European Smaller Companies

European Smaller Companies

1.48

Jan, Jul

NextEnergy Solar

Sector Specialist: Infrastructure – Renewable Energy

6.68

Jun, Dec

Phoenix Spree Deutschland

Property Direct – Europe

1.55

Jun, Oct

Polar Capital Global Financials

Sector Specialist: Financials

3.32

Mar, Sep

Princess Private Equity Holding

Private Equity

7.11

Jun, Dec

Renewables Infrastructure Group

Sector Specialist: Infrastructure – Renewable Energy

6.24

Mar, Sep

RIT Capital Partners

Flexible Investment

1.84

Apr, Oct

Ruffer Investment Company

Flexible Investment

1.67

Mar, Oct

Schroder UK Growth

UK All Companies

3.96

Jan, Jul

Schroder UK Mid Cap

UK All Companies

2

Feb, Jul

Scottish Investment Trust

Global

2.74

Feb, Jul

Scottish Mortgage

Global

1.17

Jul, Dec

Standard Life UK Smaller Companies

UK Smaller Companies

1.97

Apr, Oct

Threadneedle UK Select Trust

UK All Companies

2.71

May, Oct

TR Property

Property Securities

2.77

Jan, Aug

Tritax Big Box REIT

Property Direct – UK

4.77

Aug, Dec

Value and Income

UK Equity Income

4.11

Jan, Jul

Volta Finance

Sector Specialist: Debt

10.26

Mar, Sep

Witan Pacific

Asia Pacific – Including Japan

1.97

Jun, Oct

World Trust Fund

Global

1.43

Jul, Dec

Worldwide Healthcare

Sector Specialist: Biotechnology & Healthcare

0.74

Jan, Jul

Annual dividend

Company

AIC sector

Dividend yield (%)

Payment dates

Aberdeen Asian Smaller Companies

Asia Pacific – Excluding Japan

2.05

Dec

Aberdeen Japan

Japan

0.58

Jul

Aberdeen New Thai

Country Specialists: Asia Pacific

2.17

Jun

Aberdeen Private Equity

Private Equity

2.52

Sep

Apax Global Alpha

Private Equity

11.4

Mar

Asian Total Return

Asia Pacific – Excluding Japan

1.63

Apr

Athelney

UK Smaller Companies

3.12

Apr

Aurora

UK All Companies

2.53

Jul

Baring Emerging Europe

European Emerging Markets

5.2

Feb

Blue Planet Investment Trust

Global Equity Income

8.95

Aug

Capital Gearing

Flexible Investment

0.6

Jul

CATCo Reinsurance Opportunities

Sector Specialist: Insurance & Reinsurance Strategies

5.3

Jan

Crystal Amber

UK All Companies

3.44

Aug

Dunedin Enterprise

Private Equity

1.61

May

Edinburgh Dragon

Asia Pacific – Excluding Japan

1.32

Dec

EP Global Opportunities

Global

1.49

May

European Investment Trust

Europe

2.44

Jan

Fidelity Asian Values

Asia Pacific – Excluding Japan

0.84

Dec

Fidelity China Special Situations

Country Specialists: Asia Pacific

1.07

Jul

Fidelity European Values

Europe

1.88

May

Henderson Alternative Strategies

Flexible Investment

1.56

Feb

HgCapital

Private Equity

3.17

May

ICG Enterprise

Private Equity

1.83

Jun

Impax Environmental Markets

Sector Specialist: Environmental

0.94

May

Invesco Asia

Asia Pacific – Excluding Japan

2.15

Aug

JPMorgan Asian

Asia Pacific – Excluding Japan

1.25

Feb

JPMorgan Brazil

Country Specialists: Latin America

1.08

Sep

JPMorgan Chinese

Country Specialists: Asia Pacific

1.24

Feb

JPMorgan Emerging Markets

Global Emerging Markets

1.14

Nov

JPMorgan Japanese

Japan

1.03

Dec

JPMorgan Overseas

Global

1.68

Dec

JPMorgan Russian Securities

Country Specialists: Europe

4.39

Mar

JPMorgan Smaller Companies

UK Smaller Companies

1.31

Dec

Jupiter European Opportunities

Europe

0.68

Oct

Jupiter Green

Sector Specialist: Environmental

0.43

Jul

Lindsell Train

Global

1.44

Sep

Montanaro UK Smaller Companies

UK Smaller Companies

1.85

Aug

Northern Investors Company

Private Equity

3.3

Jul

Pacific Assets

Asia Pacific – Excluding Japan

1.38

Jun

Pacific Horizon

Asia Pacific – Excluding Japan

0.22

Nov

Qatar Investment

Country Specialists: Other

3.9

Jan

Sanditon Investment

Europe

0.44

Dec

Schroder AsiaPacific

Asia Pacific – Excluding Japan

1.69

Feb

Schroder Japan Growth

Japan

1.26

Nov

Scottish Oriental Smaller Companies

Asia Pacific – Excluding Japan

1.6

Feb

Standard Life European Private Equity

Private Equity

2.6

Jan

Strategic Equity Capital

UK Smaller Companies

0.41

Nov

Templeton Emerging Markets

Global Emerging Markets

2.09

Dec

TR European Growth

European Smaller Companies

1.17

Nov

Share

Show more