23rd Oct 2025 12:53
Manchester & London Investment Trust PLC - technology-focused growth-stock investor - Promises to pay a minimum cash dividend of 40 pence per share each year over the next five years, representing a 5% yield on Wednesday's closing stock price. This is up from 28p in special and ordinary dividends paid in its recent financial year, which ended on July 31. Back in September, Manchester & London paused its share buybacks programme, as public ownership of the trust had fallen near to the 35% minimum. The new minimum dividend committment addresses shareholder concerns that total capital returns via dividends and buybacks were set to fall as a result, the trust says.
"This makes Manchester & London a unique fund on the London Market that is both exposed to global growth and the opportunities of the 'era of artificial intelligence', whilst also paying an attractive dividend income which can be relied upon for, at least, the next five years," comments Chair Dan Wright.
Manchester & London's net asset value per share was 1,077.29 pence on July 31, up 30% from 831.24p a year before.
Current stock price: 834.00 pence, up 4.5% in London on Thursday for GBP313.5 million market value
12-month change: up 19%
By Tom Waite, Alliance News editor
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