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The City of London Investment Trust plc


The City of London Investment Trust aims to provide long-term growth in income. The Board fully recognises the importance of dividend income to shareholders.

The City of London Investment Trust has increased its dividend every year since 1966 and this 57 year record is the longest of any investment trust.

One of the main advantages of investment trusts is their ability to retain surplus income and create revenue reserves. These reserves can be added to in profitable years and paid out in the leaner years, thereby smoothing the level of dividend payments to shareholders where appropriate. While the investment process for City of London aims to avoid companies that cannot sustain dividend payments and the diversification of the portfolio limits the impact of any dividend cuts, the use of revenue reserves provides a defence for the dividend in challenging market conditions.

Dividends are declared quarterly and paid in February, May, August, and November.

Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested.

Historic dividends (pence per share)

Dividend history

Ex Dividend Date Pay Date Amount div p/ps
25-Apr-24 31-May-24 5.25
25-Jan-24 29-Feb-24 5.05
26-Oct-23 30-Nov-23 5.05
27-Jul-23 31-Aug-23 5.05
27-Apr-23 31-May-23 5.05
26-Jan-23 28-Feb-23 5.00
27-Oct-22 30-Nov-22 5.00
04-Aug-22 31-Aug-22 5.00
28-Apr-22 31-May-22 5.00
27-Jan-22 28-Feb-22 4.80
28-Oct-21 30-Nov-21 4.80
05-Aug-21 31-Aug-21 4.80
Past performance does not predict future returns.

Discrete performance (%)

Quarter End
As of 31/03/2024
2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
Net Asset Value 8.58 4.09 16.35 25.67 -19.82
Price 2.87 4.48 15.04 23.44 -17.80
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
The Price and Net Asset Value are total returns.

Source: © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns.
Trust charges will impact the value of your investment. In particular, the ongoing charges applicable to each trust will dilute investment performance, particularly over time.