Diverse Income Trust (The) (DIVI)

Business description

DIVI targets an attractive and growing level of income with long-term capital growth, investing in a diversified portfolio of primarily UK-listed equities. It has a stronger focus on small and very small market capitalisation stocks than is typical of the UK Income & Growth peer group. As a stock specific portfolio there is no benchmark but the trust targets an initial yield of around 4% for the period to 31 May 2012 and income growth higher than other income funds.

Stock data

Market cap.£386.4m
Last close100.75p
High / Low (52 weeks)104.0p / 86.1p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Diverse Income Trust PLC (DIVI.L) Trending Downward Near-term

Fri, 18 Aug 2017 21:45:00 GMT

Diverse Income Trust PLC (DIVI) Increases 0.76% on Aug 15

Tue, 15 Aug 2017 14:26:15 GMT

Investment Trust Watch: the hidden gem in UK Income

Fri, 21 Oct 2016 16:19:45 GMT

Gervais Williams – Miton Group – Fund Manager Week Interviews

Mon, 09 Jan 2017 07:30:00 GMT

Ruffer co-founder to chair investment boutique

Tue, 30 Jun 2015 14:12:32 GMT

Investment summary

The Diverse Income Trust (DIVI) invests in UK stocks from across the market cap spectrum that have strong prospects for sustainable dividend growth. This all-cap income generating strategy was developed by Gervais Williams and Martin Turner of Miton Asset Management. The c 145 stock portfolio provides a broad spread of investments and has a strong bias towards dividend-growing smaller companies. In terms of NAV total return, the trust has generated +125% over five years, ranking it second in its 23-strong peer group (the Association of Investment Companies’ UK Equity Income sector). Since launch, DIVI’s annual dividend has grown from 2.0p in FY12 to 2.8p in FY16 and it has built a substantial revenue reserve.

Last updated on 15/02/2017

Latest video

Bitesize Briefings - The Diverse Income Trust

Key management

Michael Wrobel, Chairman
Gervais Williams, Fund manager
Martin Turner, Fund manager

Company address

10-14 Duke Street
Reading
Berkshire
RG1 4RU
United Kingdom
+44 (0) 118 952 8900
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