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Securities Trust of Scotland (STS)

Business description

Launched in May 2005, as a vehicle for holders of the previous "Securities Trust of Scotland" to roll their holding into, STS is an income trust that pays quarterly dividends. Ross Watson, a director of Martin Currie's investment team responsible for UK Growth & Income investments, has led the management of STS since its launch in 2005.

Stock data

Market cap.£170.8m
Last close163.00p
High / Low (52 weeks)177.5p / 156.0p
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

Securities Trust of Scotland (STS) aims to provide long-term growth in income and capital through investing in global equities. The current manager, Mark Whitehead, was appointed in May 2016 and adopted an unconstrained, bottom-up approach to identify high-quality companies that can be long-term structural winners. The portfolio holds a relatively concentrated number of high-conviction stocks, which the manager believes gives the portfolio both defensive characteristics, as well as delivering sustainable dividend growth. The board has a progressive dividend policy. In August 2018, it announced a refresh of the trust’s marketing strategy, materially increasing its budget, and the appointment of a new non-executive director with extensive marketing expertise.

Last updated on 26/09/2018

Latest video

Executive interview - Securities Trust of Scotland

Key management

Rachel Beagles, Chairman
Mark Whitehead, Fund manager
Christopher Pyrkosz, Head of Investment Trust Marketing

Company address

Saltire Court
20 Castle Terrace
Edinburgh
EH1 2ES
United Kingdom
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