22nd Apr 2025 10:11
North American Income Trust PLC - managed by Janus Henderson, invests in S&P 500 constituents for dividend income and long-term capital growth - Net asset value per share total return is 23.8% in the financial year that ended January 31, improving on a negative 1.6% return in financial 2024 and beating the Russell 1000 value index, which returns 22.5% in financial 2025. NAV on January 31 is 379.2 pence, up 19% from 317.8p a year before. North American Income Trust also pays 12.20p in dividends, up 4.3% from 11.70p the year before; it highlights this is the 14th straight year of dividend increases. Total net assets at year-end are GBP468 million, up from GBP436 million a year before.
During the recent year, the trust changed managers to Janus Henderson Investors from Aberdeen Group PLC, agreed a reduction in management fee, and conducted a more proactive share buyback programme, highlights Chair Charles Park. He notes on Thursday that the recently announced US trade tariffs have cause "significant volatility and distress in the markets", but the trust's portfolio include "high quality stocks" that historically have shown the ability to adapt to new conditions.
Current stock price: 286.28p, down 2.1% in London on Tuesday
12-month change: up 0.1%
By Tom Waite, Alliance News editor
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