Six investment companies defy market gloom and announce tenth straight dividend hike

Next generation of dividend heroes

Six investment companies have joined the 'next generation' of 'dividend heroes' list compiled by the Association of Investment Companies (AIC), the trade body confirmed.

Fidelity Special Values, Lowland Investment Company, Schroder UK Mid Cap, Law Debenture Corporation, Tetragon Financial Group and CQS New City High Yield joined the 25-strong club of trusts that have increased their payouts for ten consecutive years. A further four next generation dividend heroes have announced they will hike their dividend payment for an extra year. Aberdeen Asian Income and Murray International said they would raise their dividends for the 11th and 15th years respectively, while Athelney Trust and BlackRock Throgmorton confirmed their 16th successive increase. Fidel...