Bankers Investment Trust (The)

LN: BNKR

£1279.4m market cap

994p last close

The Bankers Investment Trust (BNKR) aims, over the longer term, to achieve capital growth in excess of the World Index and annual dividend growth greater than UK RPI inflation, by investing in companies listed throughout the world. It has one of the longest records of uninterrupted annual dividend growth for an investment trust (52 years based on the year ended 31 October 2018). It is listed on the London Stock Exchange with a secondary listing in New Zealand.

Investment summary

The Bankers Investment Trust (BNKR) has continued to deliver on its twin objectives of long-term capital and income growth, rebounding strongly from the global market declines of Q120 and declaring increased dividends for H120 despite the difficult backdrop for corporate earnings. Coming into 2020, manager Alex Crooke had positioned the trust relatively cautiously with a net cash position of c 3%, which he put to work during the sell-off, boosting the portfolio’s long-term total return potential. At the half year the board reiterated its intention to increase BNKR’s FY20 total dividend by c 3%, using reserves as necessary, which would secure a record-equalling 54th consecutive year of dividend growth for the trust’s shareholders.

Share price graph
Price performance
%
1m
3m
12m
Actual (0.8) 10.9 5.4
Relative* 1.1 5.6 27.1
52-week high/low 1032.0p/695.0p
*% relative to local index
Key management
Alex Crooke Fund manager

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