Income investors being paid for patience says Rensburg

Falling and fewer dividends are testing investors' patience but equities are still holding up against...

Falling and fewer dividends are testing investors' patience but equities are still holding up against cash and bonds, says Rensburg's Colin Morton. Rensburg's UK Equity Income and UK Blue Chip Growth Trusts manager says the number of well-managed companies with unblemished reputations for dividend payment has contracted. However, he says while this is the case, and there are likely to be more companies cutting dividends in the coming months, the search for income is not a futile endeavour. "Rather like gardeners, investors need patience," says Morton. "If you strip out some of the lar...