Investment Trust Dividends

Month: January 2026 (Page 2 of 15)

Across the pond

How to Collect Extra Income by February 27th

ACTION REQUIRED: The deadline to be on the list for the next payment is February 3rd.

That’s the date you need to focus on to be eligible for your first payment on February 5th.

Fellow Investor,

Starting on February 3rd you can fundamentally transform your income stream from a string of near misses to a steady, reliable flow of income right to your bank account.

And it all starts with a simple to use, yet powerful calendar, like the one below, only with more details. Kind of like the one you might have on your desk, only this one tells you when you’ll get paid and how much you’ll receive each and every month.

No more guesswork, no more confusion, no more worrying if you did the right thing… just steady paychecks coming like clockwork.

With the monthly dividend paycheck calendar, you’ll stop worrying about the market’s ups and downs because they won’t matter anymore.

Your payday is already on the calendar.

In this urgent briefing, I’m going to share with you all of details on how the monthly dividend paycheck calendar works, how easy it is to use for investors of any level, and real life examples of the kinds of paychecks investors are getting right now.

Before I do that however, I’ll take just one minute to tell you who I am and why you should listen to what I have to say.

I’m Tim Plaehn, lead income analyst and editor of The Dividend Hunter.

I launched the Monthly Dividend Paycheck Calendar as part of my Dividend Hunter service over 10 years ago when we were in a near zero interest rate environment.

Many investors – particularly retirement focused investors – who had been told all their lives to put their money in 5% and 6% CDs and live off the interest were finding CDs at those rates no longer existed. Not even close. They were starving for yield and just as importantly, a plan.

In my previous career I’d been an F-16 fighter pilot and instructor in the United States Air Force. I’d also been a stock broker and certified financial planner. In all of those endeavors I was a meticulous planner.

So it seemed natural that I’d develop the Monthly Dividend Paycheck Calendar as part of my then newly launched Dividend Hunter. Now, 10 years later and tens of thousands of subscribers I’m still guiding our plan. 

February 5th: the date that changes everything

In order to receive your first paycheck on February 5th, you must be a shareholder of record by February 3rd. That means you must own the stock by this date.

This date is critical and clearly marked on the monthly dividend paycheck calendar.

The way the calendar is structured you can expect between 11 and 29 paychecks per month. By starting with the Monthly Dividend Paycheck Calendar today, you will have the opportunity to earn a growing cash income stream in perpetuity.

That’s the way the calendar is set up: you’ll have a base of 11 paychecks every month and then in some months you’ll get a bonus paycheck and in others you’ll receive two bonus paychecks all the way up to 29 per month several times a year.

The peace of mind you’ll get from knowing that every month you’re going to get at least 11 paychecks is invaluable.

No more worrying about the market’s gyrations.

No more keeping tabs on how much you’re spending and how much you’re taking in, pinching every penny along the way.

No more worry at the end of the month that you might not be able to pay all of the bills.

The income derived from the monthly dividend paycheck calendar is like getting a bonus every month.

Whether you sock it away for the future, re-invest it, or treat yourself to something nice, it’s your call. After all, it’s your money. And in this letter, I’ll tell you how to get it.

How to collect extra income every month

To create the Monthly Dividend Paycheck Calendar I first had to find the very best dividend investments for individual investors.

Sure, some folks out there just chase down the highest yield, buy a bunch of shares, and expect money to just flow into their account. And for some, this works. At least for a while.

But the problem is that solely chasing down yield leaves you exposed. Sadly, there are many companies out there paying eye-popping yields that are just one bad management decision or one market pull-back away from bust. They cut their dividend and the results are calamitous for investors.

You see, the share price of stocks for companies that cut dividends always crashes. And hard.

For example, in August 2024 Intel Corp. announced a suspension to its dividend payments amid a cost-cutting program. The share price fell 38% in the seven days following the announcement and has only partially recovered though it still trades at a 26% loss from before the announcement. 

Plus, any investors still holding onto shares of Intel are out of luck when it comes to dividends. Ouch!

Or take Walgreens, the big drug store chain. It seems there’s a store on practically every street corner in the U.S. and they should be printing money.

Instead, Walgreens cut its dividend earlier in 2024 with an announcement just after the beginning of the new year. Until then the dividend had been 48 cents per share. 

Shareholders had enjoyed well over a decade of modest but consistent dividend increases from Walgreens. 

That all changed with the announcement that the next quarterly dividend payment would be a mere 25 cents per share. That’s a 48% overnight haircut for income investors relying on those dividends to help pay bills and fund retirement. 

And the share price has continued to tumble during the year, coming into it at over $26 a share and now trading for $11 the last time I checked… a 73% drop in price. 

Do the mental math… 48% dividend cut and a 73% share price drop, an absolute catastrophe for investors.

Investors, many of them depending on that income for retirement money, watched helplessly as their income was cut by 48% and the principal by 73%.

They were counting on that money.

Imagine for a second how devastated they were. Could your portfolio stand that big of a hit? Could your lifestyle handle an 73% cut?

That’s why it’s important to me that we select the right dividend stocks for the monthly dividend paycheck calendar. And for me the right dividend stocks are those with a history and commitment to increasing their dividend payments.

It’s not enough that a company is paying dividends. Why? Because a company without a history of increasing dividends is 9 times more likely to cut their dividends than a company that has a solid track record of raising dividends.

And you saw from just the few examples above the devastation that just one dividend cut can cause for your portfolio. Imagine a string of them in your portfolio.

Now, I spend the better part of 60 hours a week sorting through the data, the SEC filings, the analyst reports, the company releases and annual reports, listening in on company conferences calls and dialing up management on the phone when I need to… all in an effort to find that core group of consistent dividend raising companies.

Even then most won’t make the cut. But the few that do make it get consideration for the monthly dividend paycheck calendar.

And then I look for a good spread of payment dates so all the paychecks aren’t lumped into a handful of months while the rest of the year has no cash coming in.

I don’t know about you but there’s something reassuring knowing that I’ll collect checks this month and next month and again the following month and so on.

I mean think about it: your bills come every month, right? The mortgage. The electricity bill. The gas bill. The cable bill. The phone bill. So why shouldn’t your dividend income be monthly, too?

Look, everyone’s household budget operates monthly. You get each bill throughout the month and like most of us, pick one day a month to pay all the bills, whether online or via check.

And that’s how your dividend income should be, steady throughout the month.

For example, if you start by February 3rd you’ll be in a position to collect your first check on February 5th and 10 more checks all totaling $4,395 by February 27th and you can continue collecting multiple paychecks every month indefinitely.

Collect an average of $3,184 in extra income every month

Now is a great month to get started with the Monthly Dividend Paycheck Calendar.

If you join by February 3rd you could collect your first payment in under a week. Then you’ll be on course for an average of $3,184 a month… but in some months the payouts can be much, much more.  

The true value to starting with the calendar right now is earning $3,184 on average each month in 2025, 2026, and into 2027 and so on… then watching that number increase year after year. That is, of course, only if you start today with the Monthly Dividend Paycheck Calendar.

Add that up for 12 months and you are looking at over $38,218 in extra income for the year… money you didn’t have before… money you didn’t have to lift a finger for other than picking up a few shares.

Imagine that for a second, that’s enough to pay for a new car… in cash, or plan multiple vacations, finally pay off some bills, and more… and still know there are more checks to come.

All of this extra income can be yours only if you start using the Monthly Dividend Paycheck Calendar by February 3rd.

Like I said, as long as you own these stocks you’ll have a steady and reliable income stream. The way I’ve constructed the payout dates you’ll receive at least 11 checks each month. And in some months, when you follow along with the Monthly Dividend Paycheck Calendar you’ll get 29 payments or more!

Now is a great time to get started as you could be set to collect an extra $4,395 by February 27th just for following the Monthly Dividend Paycheck Calendar strategy. And, the best part is that this income does not stop after that.

Imagine that just when you’re starting to see holiday bills show up on your credit card… you’ve collected $4,395 in extra income… to put toward holiday bills, an extra vacation, or any expense you might have been putting off.

Think about it: that’s a quick $4,395 in extra cash that you didn’t have before deposited into your account in a matter of weeks.

Each and every month, if you join the Monthly Dividend Paycheck Calendar today, you will have the opportunity to collect a growing stream of dividend paychecks just like the ones I detailed above. This level of financial freedom is an opportunity that you should not pass up.

Well, we just talked about how much you can expect over the next several weeks when you get started today and start collecting checks as early as next week. You may bring in more or less depending on how much you choose to start with. It’s entirely up to you.

My calendar tells you what to buy and when, and when to expect your paycheck.

How much those paychecks are is entirely up to you.

That flexibility and the ability to tailor the calendar to your own particular needs is one of the advantages my Monthly Dividend Paycheck Calendar gives you.

You saw from the example above, just 500 shares in each of those stocks — nets you an extra $4,395 over the next few weeks that you didn’t have before. It’s kind of like finding free money. Of course you can start with as many or as few shares as you, even if just testing out the Monthly Dividend Paycheck Calendar

Then the cycle starts all over again so you’re getting paychecks every month with this system.

Remember, you’ll be set up to easily make an average of $3,184 for each month of 2026, 2027, and into 2028 and beyond. You can use this money to pay your bills, build up your retirement savings, or begin to live a life stress-free from worries about your income.

That’s how powerful this simple yet highly effective monthly dividend paycheck calendar can be. That’s how wealth creation begins. And it’s so easy for you to get started. Regular investors are using these stocks all the time to create their own income streams specific to their own needs.

BSIF

Written by: Proactive

LSE:BSIF

Bluefield Solar Income Fund: dividends whatever the weather

Last updated: 08:01 29 Jan 2026 GMT

Snapshot

  • Bluefield Solar Income confirms impact from govt indexation change
  • Bluefield Solar Income Fund: The sun is shining on this dividend play
  • Bluefield Solar Income pivot to IPP model ‘short-term pain’ for long-term gain
  • Bluefield Solar Income Fund hits dividend target amid market headwinds
Bluefield solar panels in field with daisies

About the company

Bluefield Solar Income Fund is a pioneer in the renewable energy space. 

The company primarily targets utility-scale solar, wind and energy storage assets and portfolios on greenfield, industrial and/or commercial sites. It aims to deliver long-term stable dividends and has one of the most successful track records in the sector.

How it is doing

29 Jan 2026

Bluefield Solar Income Fund Ltd (LSE:BSIF) said the announcement this week from the government about indexation of subsidies will result in around a 2% or 2p per share reduction in its net asset value.

On Wednesday, 28 January 2026, the Department for Energy Security and Net Zero published its response to the consultation and confirmed the intention to proceed with a switch from RPI to CPI-based indexation for both Renewable Obligation Certificates (ROCs) and Feed-in Tariffs (FiTs).

The switch will be made in the next annual adjustment scheduled in April 2026, rather than in 2030 as originally planned.

This was anticipated by the investment trust in November, shortly after DESNZ first announced it was launching the indexation consultation.

23 Jan 2026

Bluefield Solar Income Fund Ltd (LSE:BSIF, FRA:5B3) said more than 90% of its 1.34GW development pipeline has received confirmed grid connection offers under the National Energy System Operator’s (NESO) reformed connection process.

The company secured Gate 2, Phase 1 offers on 660MW of projects, meaning they will be connected between 2026 and 2030, including around 540MW of solar PV and 120MW of battery storage.

08 Nov 2025

Bluefield Solar Income Fund (LSE:BSIF) managing partner James Armstrong talked with Proactive about the company’s decision to initiate a strategic review and formal sale process.

Armstrong explained the move follows extended consultation with shareholders and stems from Bluefield Solar’s continued share price discount to net asset value (NAV), which has persisted for over three years. Despite the fund’s strong performance since its IPO, the board concluded that “doing nothing is not an option”, citing the lack of a clear market catalyst for a re-rating.

Insight: Bluefield Solar Income Fund: The sun is shining on this dividend play

What the brokers say

22 Oct 2025

Bluefield Solar Income Fund’s (LSE:BSIF) proposed transition to an independent power producer (IPP) model would involve significant structural changes, RBC Capital Markets said, but more precise details on the pivot are still awaited. 

The new strategy, which follows the collapse of a recent sale process, was unveiled alongside the company’s full-year results yesterday and would include internalising investment manager Bluefield Partners and removing investment trust status

At this stage, with no details confirmed, the analysts supposed that a dividend cut and a capital raise to fund photovoltaic and battery energy storage system (BESS) developments would both be likely. 

Read more

What management says

30 Sep 2024

Bluefield Partners managing partner James Armstrong

Releasing results for the year to 30 June, 2024, Armstrong highlighted that despite facing some headwinds, including lower radiation levels and a slight dip in production, the fund successfully delivered an 8.8 pence per share dividend, which is one of the highest in the infrastructure sector. This translates to a dividend yield of around 8.3%, a highly attractive return for shareholders.

I’m 65 years old with a £100,000 pension pot – how much can I get in retirement ?

Story by Temie Laleye

Retirees with a £100,000 pension pot can now secure a higher guaranteed income than they could just a year ago, according to new figures from Standard Life.

Data from the firm’s Annuity Rates Tracker shows that annuity rates rose by 5.48 per cent during 2025.

This represents a 5.48 per cent increase compared with the December 2024 rate of 7.12 per cent, according to the Standard Life Annuity Rates Tracker

For someone retiring with a £100,000 pension pot, this rise means they could now secure an income of up to £7,510 a year, compared with £7,120 a year earlier.

While the annual increase may appear modest, over the course of retirement it adds up to a meaningful boost, delivering an estimated extra £7,000 to £9,000 in total lifetime income.

While the yearly increase may appear small, over the course of retirement it makes a meaningful difference, adding between £7,000 and £9,000 in extra total income across a retiree’s lifetime.

Pete Cowell, Head of Annuities at Standard Life, said: “Annuity rates have been trending upwards over the past couple of years, giving retirees a welcome boost.Pensioner couple and retirement savings | Source: GETTY

Pensioner couple and retirement savings | Source: GETTY© GB News

“These latest figures show that the rates people can secure today are meaningfully higher than a year ago, offering something we know many retirees value: income certainty and the reassurance that their income will last for the rest of their lives.”

He added that annuities offer stability and long-term certainty during periods when market volatility can prove unsettling, helping people approach retirement with greater confidence.

Pension folder | Source: GETTY© GB News

A man aged 65 purchasing an annuity at the current 7.51 per cent rate could anticipate total income of approximately £150,000, while a woman of the same age might expect around £168,000.

Those willing to wait until 70 can access even better rates, with healthy individuals at that age securing 8.25 per cent.

This generates anticipated lifetime incomes of £130,000 for men and £148,000 for women.Couple at laptop | Source: GETTY

Couple at laptop | Source: GETTY© GB News

While purchasing an annuity earlier typically results in greater overall lifetime income, the rates themselves climb as people age.

A 60-year-old in good health could obtain 6.74 per cent in December 2025, whereas someone a decade older would receive 8.25 per cent – meaning a 70-year-old with £100,000 would receive approximately £8,250 annually compared to £6,740 for the younger retiree.

Mr Cowell noted that many people are now considering combining annuities with drawdown options, creating a balance between guaranteed income for essential expenses and flexibility for other spending.

In just over 3 years the SNOWBALL expects to earn at least 10k in this calendar year and whilst this isn’t guaranteed, guess what, you get to keep all your hard earned.

IT’s v ETF’s

Why and how investment trust discounts revert to the median

27 January 2026

Trustnet analyses historic discounts in three example sectors.

By Matteo Anelli

Deputy editor, Trustnet

Discounts have always been part of the appeal of investment trusts. Buying assets for less than their underlying value, often with a higher yield as a result, is an attractive proposition – especially for income-seeking investors. But discounts have moved from being a background feature of the market to something much more actively debated.

Boards are under increasing pressure to manage them, buybacks have become more common and activists such as Saba Capital have stepped in to force change. That has fuelled the idea that wide discounts are an opportunity in their own right. But is buying on a discount enough or does something else need to happen to make it pay off?

Below, with the help of QuotedData, Trustnet looks at some of the most discounted trusts 10 years ago in the IT UK Equity Income, IT Global and IT Renewables sectors and whether they have moved relative to the sector median until today.

At first glance, the data appears to support the idea of mean reversion. In each sector, discounts that once looked extreme are now much closer to the sector average. But James Carthew, head of investment company research at QuotedData, said apparent reversion masks a more important point.

“If something is consistently on a wide discount but there isn’t a good reason for it, then something will happen corporately or otherwise to bring that discount down,” he said. “They can deviate for a while, but at some point, something will happen to bring it back down again.”

In other words, discounts narrow because pressure builds, not because markets correct themselves – without a catalyst, a wide discount can persist for years.

UK equity income

The UK equity income chart shows a clear narrowing over the past 10 years, with all three trusts highlighted – Chelverton UK DividendShires Income and Murray Income – now sitting much closer to the sector median than they did a decade ago. But the route to that convergence has been uneven, with style playing a major role.

UK Equity Income 3-month rolling average discounts for selected trusts

Source: QuotedData

“Chelverton is about small-cap. Murray Income is more about quality versus growth. Shires has an enormous small-cap bias,” Carthew said. When those styles fell out of favour, discounts widened. When conditions improved, they narrowed again.

Structure also mattered. “Shires is a relatively small trust as well. That makes it more illiquid and that tends to be a reason to trade on wider discounts,” he said. Illiquidity and gearing choices helped keep discounts wide for longer than investors might have expected.

Ultimately, two of the three trusts resolved their discounts through corporate action rather than patience. Murray Income is moving to Artemis, while Shires Income announced a merger with Aberdeen Equity Income earlier this month. “With Shires, we’ve now had the corporate action to try to narrow the discount,” Carthew said. In both cases, it was change that closed the gap, not time.

Global trusts

In the global sector, the pattern is similar but the drivers are clearer, with performance and reputation playing a bigger role.

IT Global 3-month rolling average discounts for selected trusts

Source: QuotedData

Monks is the standout example. Strong returns pushed it to a premium, before conditions turned and the discount widened again. “You get strong returns, it moves to a big premium, then when interest rates go up and growth sells off, performance weakens and the discount widens again,” Carthew said.

AVI Global Trust tells a different story. Solid, consistent performance has gradually improved sentiment, allowing the discount to narrow steadily over time. In this case, there was no single corporate event. The pressure came from results and credibility building over a long period.

Renewables

The renewables chart looks different. Here, discounts for individual trusts have tracked the sector median closely, with far less dispersion than in equity sectors. That is not because the forces driving them are largely outside the control of individual boards, Carthew explained.

IT Global 3-month rolling average discounts for selected trusts

Source: QuotedData

“It is much more sector-specific factors driving it rather than stock-specific ones,” he said. Power price assumptions, policy uncertainty and inflation have weighed on the entire sector.

Greencoat UK Wind, for example, was forced to cut forecasts after wind speeds came in lower than expected, yet its discount has not blown out as dramatically as some peers because it is seen as a large, liquid vehicle.

“Discounts in private equity, renewables and all that sort of stuff is persistent and really hard to fix,” Carthew said. When the problem is structural, there may be no obvious corporate lever to pull.

What moves discounts

Style cycles can help but they rarely resolve a discount on their own. Boards act when investors lose patience and, increasingly, that impatience is being amplified by activists.

“Saba has been a catalyst for change,” Carthew said. “Activists are useful in this context because they stimulate corporate activity. They are a normal, healthy part of the market.”

That does not mean activism is always aligned with long-term shareholder value. Carthew is critical of approaches that prioritise forcing outcomes over economic logic.

“A rational activist will buy something on a wide discount and accept an exit when it can get a decent value. Saba hasn’t been doing that,” he said. “It seems its motivation is not to narrow the discount and make a profit but to try to get certain management outcomes, which is not the logical thing for it to be doing for its shareholders.”

Even so, the presence of activists has changed behaviour. Boards are now more aware that doing nothing is no longer an option. As a result, the length of time a trust can remain on an extreme discount has shortened, said Carthew.

So is buying on a discount always worth it?

Making an investment in assets that you like while being able to buy them for less than they are worth is “one of the big attractions of investment companies”.

“Some trusts seem to always trade on discounts, so it doesn’t have much of an impact on your return if you buy at say a 10% discount and sell at the same level,” Carthew noted.

However, for a medium- to long-term investor, returns mostly come from the move in the net asset value, as shareholders in CQS Natural Resources found out last summer.

Those who cashed out their shares to make 10%-15% from the discount closing lost out on what has been an 85% rise in the share price on the back of a soaring NAV since then.

“Buying a trust just because it is trading on a wide discount is rarely a good idea”, Carthew concluded.

One to watch.

Murray Income is moving to Artemis

The SNOWBALL will monitor the change of Investment House as Artemis has outstanding performance with Income Funds.

Whilst there are good discounts to NAV in the Watch List shares, the SNOWBALL will not own ETF’S but

UKW Dividend

GREENCOAT UK WIND PLC

RO Indexation, Net Asset Value and Dividend Policy

Updated Net Asset Value / Net Asset Value per share£2,882.4 million / 133.5 pence

Renewables Obligation Indexation Consultation

The UK Government has now published the result of its consultation on changes to the inflation indexation of the Renewables Obligation (“RO”) scheme.

From 1 April 2026, the RO scheme will now be indexed at the Consumer Price Index (“CPI“) rather than the Retail Price Index (“RPI“).

Updated Net Asset Value

In light of the consultation outcome, the Company announces that its unaudited Net Asset Value as of 31 December 2025, updated solely for changes to the RO scheme, would be £2,882.4 million (133.5 pence per share). This represents a reduction of 2.6 pence per share, which is in line with the previous guidance provided on 11 November 2025 and having reflected the outturn of 2025 CPI.

An updated December 2025 Factsheet is available on the Company’s website, http://www.greencoat-ukwind.com.

Dividend Policy and 2026 Dividend Target

The Company has been reviewing its dividend policy in line with the range of potential outcomes from the RO Indexation Consultation. The Company has, for 12 consecutive years, increased its dividend by RPI or better, from a 6 pence dividend per share at IPO to 10.35 pence in respect of 2025. Dividend progression has been underpinned by strong cashflow generation.

The principal instrument from which the Company derives explicit RPI cashflow linkage is the RO scheme, which will now be indexed to CPI. The Company’s Contracts for Differences instruments also have explicit CPI linkage. The Board has therefore determined that its dividend policy will now be to aim to provide shareholders with an annual dividend that increases in line with CPI inflation.

Accordingly, the Company announces an increase in the target dividend for 2026 to 10.7 pence per share in line with CPI for December 2025 of 3.4%. The Company’s forward looking dividend cover expectations remain robust and are substantially unchanged.

For the avoidance of doubt, the quarterly interim dividend of 2.59 pence per share with respect to the quarter ended 31 December 2025 remains unchanged.

SUPR

£500 buys 595 shares in this 7.3%-yielding REIT!

Got a small lump sum to invest ? Here’s one real estate investment trust (REIT) offering a chunky payout to start generating a passive income overnight.

Posted by Zaven Boyrazian, CFA

Published 28 January

SUPR

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Even with UK shares generating phenomenal returns in 2025, there are still plenty of cheap real estate investment trusts (REITs) offering generous dividend yields in 2026. And among these businesses stands Supermarket Income REIT (LSE:SUPR) with a payout of 7.3%.

That means for every £100, investors can earn roughly £7.30 in annual passive income. And at its current share price, investors can snap up 595 shares, generating an income of £36.60 overnight.

Should you buy Supermarket Income REIT plc shares today?

Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from Trump’s tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial discounts, offering savvy investors plenty of potential opportunities to learn about.

So is this a screaming buy for income investors?

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice.

The bull case

As its name suggests, Supermarket Income REIT owns and manages a portfolio of supermarket and grocery properties that are leased out to some of the largest retailers across the UK and Europe.

Since leases are locked in for decades rather than a handful of years, management enjoys significant long-term revenue transparency. And by implementing annual contractual uplifts, the group’s able to generate a predictable and inflation-resistant income stream that’s paved the way for seven consecutive years of payout hikes.

Needless to say, that’s definitely an encouraging trait for income investors. And with management using its financial strength and cash flows to fund further property acquisitions, the business is steadily expanding its commercial real estate empire.

So is this a no-brainer?

The bear case

The company’s balance sheet remains in good shape. Its loan-to-value ratio does sit at 31%, but the cash flow coverage of its interest obligations remains a very healthy 3.8 times. And management is using this strength to borrow more money as a funding mechanism for its property acquisition pipeline.

However, there are still two primary challenges. The first is that management faces a series of debt maturities over the coming years that might require refinancing or asset disposals to cover. The second is that with grocery retail profit margins getting squeezed by higher labour costs and inflation, rent affordability risk’s on the rise.

With this business only typically dealing with industry titans such as Tesco, the risk of late rental payments seems low. But rent growth could stall as tenants renegotiate slower uplifts when leases are up for renewal. And could have a significant impact on this REIT’s long-term cash flows.

What’s the verdict?

Looking at its latest results, with cash flows gobbled up by interest on outstanding loans, dividend coverage is exceptionally tight. In fact, it stands at 0.98 times as of June 2025. In other words, the company has begun paying out more to shareholders than it’s bringing in, albeit by a small amount.

Over the short term, that’s not necessarily a problem if cash flows later rebound. But in the long run, without improvement, it’s unsustainable. And it does potentially put this stock’s tasty 7.3% yield at risk.

Is it a risk worth considering ? For some income investors seeking defensive dividends, it might be. But there are other REITs out there with similar levels of payout that have much stronger dividend coverage. With that in mind, I think these other stocks are more tempting for my passive income portfolio today.

The share is xd today, so if you buy, you do not earn the dividend.

With a small amount of capital, some Trusts have a DRIP scheme that allows you to re-invest your dividends at nil cost. Currently SUPR does not have a Dividend Re-investment Plan.

REIT’s

It’s been a good year to be invested in REIT’s.

The general trading plan is to be invested when interest rates fall and exit, unless the yield is superior, when interest rates start to rise.

NESF

NextEnergy Solar Fund Limited

(“NESF” or “the Company”)

 Government Response to Renewable Obligation Certificate and Feed in Tariff Consultation

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, notes today’s UK Government Response to the formal consultation regarding the change to the inflation indexation of Renewable Obligation Certificate (“ROC”) and Feed-in-Tariffs (“FiT”) which impacts the Company.

The Government has confirmed it intends to pursue Option 1 – an immediate switch to CPI indexation from RPI – which means the UK Government would change the inflation measure for ROC buy-out prices and FiT prices from RPI to CPI, effective from April 2026.

As reported in the Company’s interim results, the impact to NESF as at its 30 September 2025 Net Asset Value (“NAV”) will be as follows:

Estimated Impact on NAV per Ordinary ShareEstimated % impact on NAV
c. -2pc. -2%

A further update will be provided in February 2026 on the impact on NAV per Ordinary Share when the Company releases its Q3 NAV & Operating Update as at 31 December 2025.

Ross Grier, Chief Investment Officer of NextEnergy Capital said:

“The NextEnergy Solar Fund Board and NextEnergy Capital are grateful to the civil servants for engaging so proactively with the concerns we raised regarding this consultation.  Whilst the selected option is the less disruptive of the two proposed, we remain disappointed that the Government is taking steps that are expected to harm investor confidence in Great British infrastructure at a time when we need more capital than ever to deliver the energy transition in a timely fashion.”

UKW

GREENCOAT UK WIND PLC

(the “Company”)

Net Asset Value and Dividend Announcement

Net Asset Value / Net Asset Value per share£2,939.1 million / 136.1 pence
Dividend / Dividend per share£55.9 million / 2.59 pence

The Company announces that its unaudited Net Asset Value as of 31 December 2025 is £2,939.1  million (136.1 pence per share).

The Company’s December 2025 Factsheet is available on the Company’s website, http://www.greencoat-ukwind.com.

The Company also announces a quarterly interim dividend of 2.59 pence per share with respect to the quarter ended 31 December 2025.

Dividend Timetable

Ex-dividend date         12 February 2026

Record date                 13 February 2026

Payment date               27 February 2026

2026 Dividend Target

The Company has, for 12 consecutive years, increased its dividend by RPI or better, from a 6 pence dividend per share at IPO to 10.35 pence in respect of 2025.  The Board and the Investment Manager expect to continue this dividend progression, however our shareholders will be aware that resolution on the Government’s Consultation on Renewables Obligation (“RO”) Indexation remains outstanding.  The Company will therefore confirm its 2026 target dividend after having considered the result of the RO Indexation Consultation.

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