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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.£188.7m
Last close175.50p
High / Low (52 weeks)177.0p / 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 generate rising income and long-term capital growth through investment in quality companies across the globe, with sustainable dividends supported by robust earnings growth. STS appointed a new lead manager in May 2016 and adopted an unconstrained investment approach, allowing the portfolio to reflect the manager’s highest-conviction stock picks in a relatively concentrated portfolio of 35-55 holdings. STS’s performance has since been positive relative to its new peer-based benchmark, while it has a comparable dividend yield of 3.5%, following an increased payout from FY16. It is one of two trusts in the peer group to trade on a discount to cum-income NAV, providing scope for the discount to continue to narrow.

Last updated on 28/02/2018

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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