Delivering income and capital growth
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Edison Investment Research Limited
London, UK, 15 April 2024
Edison issues update on Murray Income Trust (MUT): Delivering income and capital growth Murray Income Trust (MUT) invests in high-quality, mainly UK-listed stocks. It has achieved both its dividend and capital growth objectives over the long term. The trust boasts 50 years of continually rising dividends. It paid a dividend of 37.5p per share in FY23 (ended 30 June 2023 (FY22: 36.0p)), and the board has indicated the dividend will rise to at least 38.0p in FY24. This represents a prospective yield of 4.5%. Late last year the company decided to take action to allow shareholders to access dividend income more quickly and more evenly throughout the year, by smoothing quarterly dividend payments. MUT has also delivered absolute gains and outperformance of the market and most of its peers over the longer term, returning an annual average of 6.1% in NAV terms over the 10 years ended 31 March 2024, versus an average market gain of 5.8% pa. The trust’s managers view UK equities as very attractively priced at current levels and expect the portfolio’s quality holdings to outperform as and when UK stocks return to favour with investors. MUT may appeal to investors seeking exposure to a diversified portfolio of high-quality, resilient, mainly UK stocks. The trust is diversified by sector and by income source: 80% of portfolio income is sourced from abroad, which provides significant protection from any deterioration in the UK’s economic climate. A programme of option writing provides a further modest, uncorrelated supplement to portfolio revenues. Click here to view the full report. All reports published by Edison are available to download free of charge from its website About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally. Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on: LinkedIn https://www.linkedin.com/company/edison-group-/ X www.twitter.com/Edison_Inv_Res YouTube http://www.youtube.com/edisonitv
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1880413 15-Apr-2024
