Average drop in payouts skewed by a few cutters with most trusts not letting income investors down
As companies rushed to cut or suspend dividends in the wake of the pandemic this had a knock-on effect on the investment trusts which held their shares. Thanks to the ability to use revenue reserves to smooth out any volatility in dividend payments, there was a lag effect in place. Between January and June 2021, payouts from investment trusts fell 3.1% to £891.9m, even though dividends from UK stocks...