New additions to Law Debenture's equity portfolio, bought during the Covid-19 market turmoil, should "increase the yield of the portfolio in two years' time", according to manager James Henderson.
Henderson told Investment Week the trust is using gearing in order to "position for a recovery in earnings and dividends". The manager is able to look through dividend cuts due to Law Debenture's unique structure, which combines this equity investment portfolio with a professional services business, which historically accounts for 35% of the trust's dividend distribution, he added. BlackRock Frontiers IT removed from interactive investor Super 60 list "We have been buying things at low levels, a lot of which do not yield at the moment but will come onto the dividend list in the nex...
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