This trust invests in a diversified range of industries globally. Law Debenture aims to deliver long-term growth and steadily increasing income by investing primarily in equities.
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Odd no views on this investment trust?
It is a bit of odd one. Roughly 20% of assets are an actual business namely independent professional services.
Looking after pensions etc
Performance
1W 2.98%
1M 4.92%
3M 12.21%
6M 13.09%
1Y 18.72%
2Y 33.78%
3Y 28.3%
5Y 95.32%
Share price only.
Total returns 135% over 5 years. Dividend presently 3.5% paid quarterly.
Held or increased dividends for 45 years. Note held to be a dividend hero you need to increase dividends for 20 years.
Virtually always on a premium of around 2%. The premium is kept in check by issuing new shares.
So if you are going to buy you might have to wait a very long time for the odd discount to appear.
Don’t hold myself but will be starting a position shortly with the intentions of adding to when nothing else tickles my fancy.
Note in the UK income sector NOT a global investment trust.