City of London Investment Trust PLC
LLSE:BA47282.00
GBX
+7.00
(+2.55%)
City of London Investment Trust PLC
LSE:BA47
(London Stock Exchange)
Recent
price
282.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
GBP
•
in mil. unless spec.Working Capital
GBP
•
in mil. unless spec.Growth Rates
GBP
•
in mil. unless spec.Semi-annual Revenue
GBP
•
in mil. unless spec.Semi-annual Earnings Per Share
GBP
•
in mil. unless spec.Semi-annual Dividends Per Share
GBP
•
in mil. unless spec.- Similar Companies
- Business
- The City of London Investment Trust plc is a UK-based closed-ended investment company primarily engaged in investing for long-term growth in income and capital through equities listed on the London Stock Exchange. The trust focuses on large, mostly UK-listed companies, with a significant portion of revenues from these companies generated overseas, reflecting a global business footprint. Its portfolio features a diversified range of equities across sectors including financial services, basic materials, consumer defensive, industrials, healthcare, and energy. The trust emphasizes dividend income, maintaining a 59-year record of consecutive annual dividend growth since 1966, and employs a disciplined investment approach managed by Janus Henderson Asset Management. Founded in 1861, it is headquartered in London, United Kingdom. The City of London Investment Trust’s core products and services consist of investment management in publicly traded equities, predominantly in large-cap UK companies with international operations. It operates as an investment trust providing shareholders with exposure to a diversified stock portfolio designed to maximize income and capital growth. The portfolio includes approximately 76 equity holdings and a few bond holdings, balancing sector exposures with a focus on financial services and global revenue-generating companies. In the last 1-2 years, the trust has engaged in strategic share buybacks and treasury share sales to manage capital efficiently, including selling significant treasury shares at prices around 520-525 pence per share during 2025. It continues to uphold strong dividend policies and has been recognized recently in 2024 as an award-winning income-focused investment trust by AJ Bell. The trust has maintained low gearing at around 3%, demonstrating a conservative capital structure. Operational improvements and enhanced communications with investors have been part of ongoing strategic initiatives aimed at sustaining long-term growth and income stability. The fund manager continues to apply a prudent, long-term approach focused on resilient, quality holdings in a diversified portfolio, with a sustained objective of growing income and capital in both favorable and challenging market conditions. The City of London Investment Trust plc’s investor base includes income-focused retail and institutional investors across the UK and internationally, benefiting from broad geographic revenue exposure of its investee companies. The trust is a prominent player in the UK equity income investment trust sector and remains managed by Janus Henderson, leveraging their extensive asset management expertise and market presence. Overall, The City of London Investment Trust plc integrates strong historic performance in dividend growth with disciplined portfolio management, recent strategic capital actions, and sector/geographic diversification focused on UK equities with international reach, positioning it as a steady income and growth investment vehicle since its 1861 founding and through its current operations in London.