Murray Income Trust (LSE: MUT)

Last close As at 02/03/2024

GBP8.21

3.00 (0.37%)

Market capitalisation

GBP879m

Murray Income Trust (MUT) aims to provide a high and growing income combined with capital growth, through investment in a portfolio principally of UK equities. MUT focuses on companies that have potential for real earnings and dividend growth, while also providing an above-average portfolio yield. The emphasis is on the management of risk and the portfolio’s absolute return. MUT measures its performance versus the broad UK stock market.

Latest Insights

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Investment Companies | Update

Murray Income Trust — In a celebratory mood

Investment Companies | Update

Murray Income Trust — Milestones marked by a return to form

Investment Companies | Update

Murray Income Trust — Attractive income at a discount

Investment Companies | Update

Murray Income Trust — Attractive income and long-term outperformance

Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Louise Bouverat

    Manager - Investment Trust Promotion

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (2.7) 0.0 (5.1)
Relative (2.5) (2.6) (1.9)
52 week high/low 883.0p/770.0p

Overview

Murray Income Trust (MUT) is currently celebrating two key milestones. This year marks its 100-year anniversary, and 50 years of consistently rising dividends. MUT’s FY23 dividend of 37.5p (up from 36.0p in FY22) represents a current yield of 4.7% and MUT’s board has stated that maintaining the trust’s record of annually increasing dividends remains a priority. Performance has improved after a rare bout of underperformance last year. In the year ended September 2023, MUT returned 14.5%, in line with the benchmark, and in the 10 years to September, it delivered an average annual return of 6.1% on an NAV basis, versus a market return of 5.6%. The trust’s managers, Charles Luke and Iain Pyle, are confident its exposure to some ‘unstoppable long-term trends’ means it is well-positioned to continue delivering positive returns and growing income over the long term.

Research

Update

Investment Companies

Murray Income Trust — Attractive income and long-term outperformance

Review

Investment Companies

Murray Income Trust — A happy anniversary for shareholders

Review

Investment Companies

Murray Income Trust — Maintaining a commitment to quality and income

edison tv

Investment Companies

Chairman’s insight: Murray Income Trust

Review

Investment Companies

Murray Income Trust — Differentiated approach to UK equity income

edison tv

Investment Companies

Bitesize briefing – Murray Income Trust

Thematics

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Investment companies: Latin America is worthy of consideration

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