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Ride the global recovery with a defensive income via Murray International

Murray International looks well positioned for a global recovery
Ride the global recovery with a defensive income via Murray International
  • Murray International has raised its dividend
  • Its focus on defensive Asian stocks could pay off

Equity income investors have had a miserable 12 months, but Murray International Trust’s (MYI) proposed final dividend of 18.5p a share is an encouraging development. This takes the trust’s total dividends for 2020 to 54.5p a share, up 1.9 per cent on the 53.5p a share it paid in 2019 and ahead of the 1.2 per cent increase in the Retail Prices Index in 2020. The trust had an attractive yield of 4.7 per cent according to broker Winterflood, as of 12 March.

Murray International is a high conviction global fund that aims to grow capital and deliver a rising income over time. It is more than double the size of any other global equity income trust listed in London, with assets of £1.66bn on 12 March, according to Winterflood. 

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