Standard Life Equity Income Trust (SLET)

Business description

Standard Life Equity Income Trust (SLET) aims to provide shareholders with an above-average income from their equity investment while also providing real growth in capital and income. It seeks to achieve this through a diversified portfolio of between 50 and 70 equity holdings. The benchmark is the FTSE AllShare index.

Stock data

Market cap.£244.6m
Last close497.50p
High / Low (52 weeks)502.0p / 434.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Standard Life Equity Income Trust (SLET) has been managed by Thomas Moore since 2011. He aims to generate above-average income and real capital and income growth from a portfolio of UK equities, which is invested across the market cap spectrum. Following an index-agnostic approach, the manager has restructured SLET’s income stream over the past few years and shareholders are now enjoying a higher distribution, with less revenue going into reserves. The board has recently announced a higher than previously forecast final dividend for FY17 and says the annual dividend in FY18 will be at least 5% higher than the FY17 distribution. SLET’s current dividend yield is 3.5%.

Last updated on 17/01/2018

Key management

Thomas Moore, Fund manager
Evan Bruce-Gardyne, Head of investment trusts

Company address

1 George Street
Edinburgh
EH2 2LL
United Kingdom
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