Monday, 19 January 2015

Bankers IT - Final Results

The Bankers Investment Trust seeks to maximise returns for shareholders through a broadly diversified international portfolio. It holds around 200 companies spread far and wide. The heaviest weighting is UK with 38% followed by N America 25%, Pacific/Asia 12%, Europe 12% Japan 9% and Emerging Markets 4%.

I previously posted on this at the same point last year. They have just released final results for the full year to 31st October 2014.(link via Investegate)

Over the past year Bankers has delivered a total return of 4.2% on NAV, compared with just 1.0% for its benchmark FTSE All Share Index. Although returns for the past year have been relatively flat, the shares have seen quite a rise over 5 yrs returning 85% including dividends.

3 yr chart BNKR v FTAS
(click to enlarge)

Bankers is proposing a final dividend of 3.8p per share, taking the full-year total to 14.8p - an increase of 4.7% on the previous year and the 48th year of consecutive increases. The trust has also forecast an increase in dividend per share of not less than 15.5p or 4.7% for the year ahead.

Although at 2.6%, this is not the highest of yielder, I am very happy to continue holding this in my income portfolio of trusts, as it provides a good spread of quality diversified assets. Additions to the portfolio this past year include Walt Disney, Comcast, American Express and Oracle.

As always, slow & steady steps…

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