Witan trust outperforms in 2015; Dividend increased by 10%

41st consecutive rise

Jayna Rana
clock • 2 min read

The £1.4bn Witan investment trust announced strong performance and a 10.4% dividend increase in its annual results.

The 107-year-old company, which invests in third-party funds, said the final dividend for the year will be 17p per share, a rise of 10.4% from 2014 and the 41st consecutive year of rising dividends. The company said shareholders also "enjoyed a further re-rating during 2015, trading at a premium for much of the period". "Witan shareholders enjoyed a successful year, with a NAV total return of 6.4%, 2.9% more than our benchmark's total return of 3.5%. "The share price total return was 5.7%, as the shares moved from a small premium at the end of 2014 to a 0.2% discount at the end of ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot