Securities Trust of Scotland

LN: STS

£176.2m market cap

168.5p last close

Launched in May 2005, as a vehicle for holders of the previous “Securities Trust of Scotland” to roll their holding into, STS is an income trust that pays quarterly dividends. Ross Watson, a director of Martin Currie’s investment team responsible for UK Growth & Income investments, has led the management of STS since its launch in 2005.

Investment summary

Securities Trust of Scotland (STS) aims to achieve long-term income and capital growth through a fundamental approach to global equity investment. The manager, Mark Whitehead, is not constrained by index considerations and focuses on finding 35–55 high-quality companies with sustainable business models and financial resilience, in which to invest for a three- to five-year horizon. He also utilises the trust’s ability to employ options strategies in a controlled manner to generate additional income. STS’s board adopts a progressive dividend policy and, over the past three years, the annual dividend has increased by 24%. It has also recently refreshed the trust’s marketing strategy, and appointed a new independent director, Sarah Harvey, who has considerable expertise in this area.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 9.8 4.3
Relative* (0.1) 2.2 1.8
52-week high/low 177.5p/151.0p
*% relative to local index
Key management
Rachel Beagles Chairman
Christopher Pyrkosz Head of Investment Trust Marketing
Mark Whitehead Fund manager

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