LIC Dividends Increase Despite A Tough Six Months

Reporting season has just ended and so we take a look at how the listed investment companies under our coverage fared over that time.

A majority of the 34 LICs in our coverage that paid dividends for the six months to 31 December lifted their payouts to shareholders. 19 LICs increased dividends, 11 held dividends flat and just four reduced dividends. Six LICs paid out special dividends, which benefits shareholders ahead of any potential change in the franking credit regime. In a number of cases the special dividend was funded from special dividends received from underlying stock holdings and share buybacks.

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Peter Rae

About Peter Rae

Peter Rae joined Independent Investment Research as a supervisory analyst covering listed managed investments in March 2016. Peter has 35 years' experience in the banking and finance industry, including 15 years as an equities analyst.

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