Standard raises Smaller Cos trust's share dividend

  • Story by: Fiona Nicholson
  • Magazine: FinancialAdviser
  • Published Thursday , September 04, 2008

Standard Life’s Smaller Companies trust has increased dividend a share by 25 per cent compared with last year, according to the full year results.

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Revenue return for each share for the year is up to 1.94p from 0.1p in 2007. Dividend a share has increased by 25 per cent and total dividend is up by 100 per cent to 1.6p, compared with last year. The trust has also won two awards and its manager’s performance has also attracted industry accolades.

Donald MacDonald, chairman of the trust said: “While the credit crunch and the resultant squeeze on liquidity continues to affect the UK economy, it is difficult to be optimistic about near-term business prospects. However, I believe that the manager’s successful investment process and focus on companies with a solid business model will continue to allow the Trust to outperform in the longer term.”

Martin Bamford, of Surrey-based IFA Informed Choice said: “Standard Life has a good track record with smaller companies, and smaller companies have a part to play in a well diversified portfolio. They can be more flexible and react more quickly to changes in economic circumstances.”

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