Dividends rise at trusts despite Covid-19 market drops

"While there’s no guarantee, the fact investment companies can save up to 15 per cent of their income each year has helped them to carry on raising dividends through such intense market downturns as the 1987 crash, the dot com bubble bursting and the financial crisis.

"With the difficulties facing markets at the moment, the power of investment companies to deliver rising dividends is reassuring for investors."

Disclaimer: The author has an investment in City of London Investment Trust within an Isa portfolio