Murray International Trust (LSE: MYI)

Last close As at 29/02/2024

GBP2.44

0.00 (0.00%)

Market capitalisation

GBP1,509m

Murray International Trust aims to achieve an above-average dividend yield with long-term growth in dividends and capital ahead of inflation, by investing principally in global equities. Its reference is an all-world index (total return).

Latest Insights

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Investment Companies | Review

Murray International Trust — Business as usual at Murray International

Investment Companies | Review

Murray International Trust — Things looking good for MYI’s shareholders

Investment Companies | Review

Murray International Trust — Big improvement in relative performance

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Bruce Stout

    Senior Investment Manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.2 (0.4) (8.3)
Relative 1.6 (2.8) (5.1)
52 week high/low 273.2p/219.0p

Overview

Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the end of June. The trust has amassed considerable revenue reserves (equivalent to around one year’s annual dividend) so was able to continue its progressive dividend policy during COVID; MYI returned to a covered dividend in FY22. Despite high inflation preventing real (above inflation) dividend growth in recent years, the trust now has an 18-year record of consecutive annual dividend growth and offers an attractive 4.6% dividend yield, which compares favourably with its peers in the AIC Global Equity Income sector, most of which, unlike MYI, can pay dividends out of capital.

Thematics

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Investment Companies

European equities

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Investment Companies

Listed Private Equity

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Investment Companies

Vietnamese equities: Due a comeback?

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Investment Companies

Investment companies: Latin America is worthy of consideration

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