'Solid appeal': Analysts back ATST after trust's 54th consecutive year of dividend growth

Global economic recovery presents opportunities

Mike Sheen
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Craig Baker of Alliance Trust
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Craig Baker of Alliance Trust

Analysts have reacted positively to Alliance Trust's (ATST) latest annual results, with the past 12 months pushing the company's share price near its all-time high, as Investec upgraded its recommendation to 'buy'.

ATST's annual results, published today (4 March), show the trust delivered NAV and share price total returns of 8.5% and 9.4% respectively in the 12 months to 31 December, compared to its benchmark MSCI ACWI's return of 12.7% over the same period. Investment trusts defy market turmoil to increase dividends Despite the impact of the coronavirus pandemic on company dividends, the trust was able to achieve it 54th consecutive year of dividend increases with a 3% bump bringing this year's pay-out to 14.38p per share. ATST chair Gregor Stewart said the board remains confident that the W...

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