Edinburgh IT flags 'unsustainable' dividend as it resets 2022 payout
Uncertain recovery
Majedie Asset Management's James de Uphaugh manages Edinburgh IT
Edinburgh Investment Trust will "reset" its 2022 full-year dividend to 24p, after concluding its current level of dividends "is unlikely to be sustainable" amid an uncertain recovery for UK payouts.
The £754m Edinburgh IT said it would dip into its "significant revenue reserves" to supplement its ordinary dividends for the 12 months ending 31 March 2021, paying out 28.65p for the current financial...
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