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CIE to start paying divs 3 monthly

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by twisted strategies, 6th Sep, 2017.

  1. twisted strategies

    twisted strategies Well-Known Member

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  2. Btaylor

    Btaylor Member

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    There is now the Plato Income Maximsier LIC (PL8) too. Listed earlier this year but the underlying fund has been operating as an unlisted managed fund for 10+ years I think. They are paying monthly dividends, fully franked. Current yield is about 5% (7.14% after franking).
     
  3. twisted strategies

    twisted strategies Well-Known Member

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    i shall check PL8 more carefully , i did not check the dividend frequency , i did some quick maths as i had several targets i understood better and pursued them instead .

    monthly payments are quite rare ,

    so thanks for the heads up

    cheers