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Covid pandemic let investment trusts shine in 2020 amid dividend destruction
Investment trusts can save up to 15% of dividends received in any given year for a rainy day
It has been a tough 12 months or so for income seekers. The Covid-19 pandemic has forced companies to cancel or defer dividend payments, leaving many investors receiving far lower levels of income than they had expected.
One exception, however, has been investment trust holders, for whom payouts have – for the most part – been maintained. This is no accident. Investment trusts have a well-deserved reputation as a reliable source of income for investors. Many trusts have paid a growing income for decades and consider this an integral part of their long-term investment objectives.