In the case of the Bearbull fund, the amount distributed in the first half was £5,342. That was just 2 per cent more than for 2020’s first half when dividends were being savaged. Yet, last year’s mayhem chiefly started in the second quarter by which time the fund had quite a lot of income under its belt, especially the best part of £1,000 from bowling-alley operator Hollywood Bowl (BOWL), whose bosses would not have been so generous had they any inkling their business was about to be shut down by government diktat. So a 2 per cent rise is okay, especially as the fund now has more holdings in lower – and hopefully safer – yielding equities than a year ago. Besides, it still generated a 4.1 per cent annualised yield, the best part of 1.5 times that of the FTSE All-Share index; this despite the fact its value rose 15 per cent in the first half, compared with 9 per cent for the All-Share.
|Bearbull Income Fund distributions|
|Year ended||Pay out (£)||Change||Fund yield (%)||Cumulative payout (£)|
|Source: Investors Chronicle|