Regulatory Story
Go to market news section View chart   Order free annual report   Print
Company City Natural Res High Yield Tst PLC
TIDM CYN
Headline

Second interim dividend

Released 07:00 24-Jan-2013
Number 2333W07

RNS Number : 2333W
City Natural Res High Yield Tst PLC
24 January 2013
 



To:                   RNS

From:              City Natural Resources High Yield Trust plc

Date:               24 January 2013

 

City Natural Resources High Yield Trust plc

("the Company")

 

Second Interim Dividend

 

City Natural Resources High Yield Trust plc (ticker symbol CYN) announces a second interim dividend of 0.86 pence per share (2012: 0.77 pence per share) payable on 22 February 2013 to shareholders on the register on 1 February 213, having an ex-dividend date of 30 January 2013.

 

The 0.86 pence represents an 11.7% increase on the dividend paid in respect of the same period last year.

 

This latest dividend payment is in line with the Company's progressive dividend policy which has seen an increased dividend paid each year since inception as shown below:

 

Financial Year             Total dividend              % increase

 

2004/05                       2.00p                           -

2005/06                       2.15p                           7.5%

2006/07                       2.35p                           9.3%

2007/08                       2.65p                           12.8%

2008/09                       3.07p                           15.8%

2009/10                       3.71p                           20.8%

2010/11                       4.22p                          13.7%

2011/12                       4.83p                           14.5%

 

 

For further information please contact:

 

Will Smith                                                                   

New City Investment Managers

0207 201 5387

 

Beth Harris                                                     

Newgate Threadneedle

0207 653 9850

 

Note to Editors:

 

Winner of the best commodity fund at the Investors Chronicle Fund Awards 2012.

 

Winner of Investment Week's Best Commodity and Resources Trust  2012.

 

City Natural Resources High Yield Trust plc is managed by Will Smith and Ian Francis of New City Investment Managers.

 

The investment objective of the Company is to provide shareholders with capital growth and income predominantly from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities.

 

If you would like to receive the monthly factsheet on City Natural Resources High Yield Trust or any of the other New City Investment Managers' funds please email b.harris@newgatethreadneedle.com         

Please see the below table for the Company's ordinary share total return and NAV total return performance over a 9 year period:

 

 


1

Month

%

3

Months %

6

Months %

12 Months %

3

Years

%

5

Years

%

From 01/08/03

%

Company NAV

 

-2.25

 

-8.10

 

-2.15

 

-16.95

 

+11.02

 

+21.03

 

+440.36

Share Price

+1.59

-4.87

-2.44

-13.08

+15.88

+20.51

+376.06

Benchmark

+2.97

+2.75

+7.58

+0.06

+3.30

+14.00

+255.98

 

 

 

Source: R&H Fund Services Limited.

Data correct as at 31 December 2012.

 

The Company's investment benchmark is 2/3 HSBC Global Mining Index (sterling adjusted) and 1/3 Credit Suisse High Yield Index (sterling adjusted).

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DIVSESFIDFDSELF
Close
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Second interim dividend - RNS