The latest update is out from City of London Investment Trust PLC ( (GB:CTY) ).
City of London Investment Trust PLC reported a 2.8% net asset value total return for the half-year ended 31 December 2024, outperforming the FTSE All-Share Index and other sector averages. The trust’s performance was bolstered by strategic stock and sector selections, particularly in tobacco and banking sectors, although earnings per share saw a slight decline. The company declared two interim dividends and plans to continue its long-standing policy of dividend growth, while maintaining a low ongoing charge compared to peers. The economic outlook remains challenging with potential interest rate cuts, yet the trust’s portfolio is well-positioned with a significant portion of sales from overseas markets.
More about City of London Investment Trust PLC
City of London Investment Trust PLC is an investment trust focused on providing long-term growth in income and capital primarily through investments in equities listed on the London Stock Exchange. The company emphasizes the importance of dividend income to its shareholders.
YTD Price Performance: 4.21%
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of CTY stock, go to TipRanks’ Stock Analysis page.