The Foreign & Colonial investment trust has announced it is increasing its dividend for the 45th consecutive year, despite pressure on "dividend payers within the portfolio".
In annual results released this morning, the board said the final dividend for the year will be 9.6p per share, a rise of of 3.2% on last year, subject to shareholder approval, and will be paid on 3 May. This is the 45th consecutive annual rise in dividend payments in the trust's 148-year history. However, the board noted the rising trend for dividend cuts within markets and said the portfolio is not immune to these pressures. How £2.5bn Foreign and Colonial trust has benefitted from BMO deal Chairman of the company, Simon Fraser, said: "We recognise the importance of a rising i...
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