Strategy

Dividends in the time of corona

Investment trusts have proven their worth during the pandemic, delivering dividend growth despite the turmoil…
John Dowie
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Updated 15 Dec 2021
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This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.

For many years UK equities have been a staple of income investors’ portfolios, and patient investors have contentedly watched dividends roll in year after year. Yet when the coronavirus outbreak struck in early 2020 and UK companies began cutting or suspending dividends, this changed rapidly. At the worst point in the decline, the dividends paid by listed UK companies had fallen c. 43% peak to trough on a 12-month basis (Source: Link Group). Whilst investors in UK Equity Income open-ended funds saw commensurate declines in income, investors in their closed-ended peers had a very different experience…

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About the Author

John Dowie
[email protected]
John is an Investment Trust analyst and joined Kepler in September 2021. Previously he was senior analyst at AFH Wealth Management, where he conducted manager selection, fund monitoring and investment research across a broad range of asset classes. Before joining AFH he worked for Asset Risk Consultants (ARC), providing investment consulting to UHNW private clients and charities. John graduated from the University of Oxford with a BA (Hons) in Physics and the University of Sussex with an MSc in Astronomy. John is a CFA charterholder.

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