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Astrazeneca Shares News & Articles

City of London Investment Trust raises dividend after dipping into reserves

Some relief for income investors came on Friday when The City of London Investment Trust (CTY) raised its dividend by 2.2% to 19 pence per share for the year ended 30 June 2020, the 55th consecutive year of increases, by dipping into its substantial revenue reserves. The shares were unchanged at 322p. Chairman Philip Remnant commented, ‘the large fall in dividends paid has taken down the true ...
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