Schroder Income Growth (19 consecutive years), Invesco Income Growth, F&C Capital & Income (both 17 consecutive years) and Perpetual Income & Growth (15 consecutive years) are among what the AIC calls its ‘dividend heroes: the next generation’.
These are separate from the AICs original ‘dividend heroes’ report – of companies with 20-plus years of dividend increases – which commended City of London Investment Trust, Bankers Investment Trust and Alliance Trust as all having achieved 48 consecutive years of rises.
Alongside UK Equity Income funds, the next generation list also includes entries from the UK All Companies (Threadneedle UK Select Trust, Aurora), Private Equity (Northern Investors Company), and UK Smaller Companies (BlackRock Smaller Companies and Throgmorton Trust) sectors.
“The AIC’s latest research demonstrates the strength of the investment company sector’s income record, with a fifth of members with ten-year histories, raising their dividends every year for ten years or longer,” said AIC communications director, Annabel Brodie-Smith.
“It’s encouraging to see that there is a new generation of dividend heroes that have formidable income track records, in addition to those companies that have been raising their dividends for decades.”
