Bankers Investment Trust (The) (LSE: BNKR)

Last close As at 23/04/2024

GBP1.11

1.40 (1.28%)

Market capitalisation

GBP1,302m

The Bankers Investment Trust (BNKR) aims, over the longer term, to achieve capital growth in excess of a global developed markets index and annual dividend growth greater than UK CPI inflation, by investing in companies listed throughout the world. BNKR has one of the longest records of year-on-year dividend growth for an investment trust. It is listed on the London Stock Exchange with a secondary listing in New Zealand.

Latest Insights

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Alex Crooke

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.3) 7.6 8.0
Relative (2.2) 1.0 6.4
52 week high/low 112.4p/92.3p

Overview

The Bankers Investment Trust (BNKR) posted an 8.1% net asset value (NAV) per share total return (TR) in H123 (period ending 30 April 2023). Most of its regional sub-portfolios (sleeves) outperformed their benchmarks, highlighting the respective managers’ strong stock-selection capabilities. Dividend income across the portfolio was up 10% in H123 and BNKR declared a second interim dividend of 0.62p (with the ytd payout up c 10% y-o-y). Moreover, Alex Crooke (BNKR’s lead manager) now expects FY23 dividend growth of at least 7% versus 5% earlier, which he believes should allow BNKR (after high inflation in FY22) to resume its track record of delivering dividend growth ahead of UK inflation.

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Review

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The Bankers Investment Trust — Outperforming benchmarks old and new

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The Bankers Investment Trust — 50 years of growing dividends

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The Bankers Investment Trust — Update 13 March 2016