I have bought for the Snowball 1963 shares in DIG Dunedin Income Growth Trust for 6k, after they changed their dividend policy to 6% of the year end NAV.

There is detailed research on DIG if you use the search facility

This is a decrease of income for the Snowball after the sale of GCP but hopefully if the NAV increases DIG could be paying a yield nearer to 7%.

The 2026 target remains 10k.

Future dividends will be re-invested into BRAI and DIG as this gives the Snowball some diversification into plain vanilla shares.

Third Interim Dividend

·    Third interim dividend of 4.25p per share.

·    Total dividend for the year to 31 January 2026 of at least 19.10p per share, representing an increase of 34.5% compared to the previous year.

·    Notional dividend yield of 6.0% on NAV and a share price dividend yield of 6.4%.

On 9 September 2025, the Board announced that it would significantly increase dividend distributions to shareholders and, for the year ending 31 January 2026,  the Board has already stated its intention that the Company’s dividend will be increased to a minimum of 6.0% of the NAV as at 31 July 2025, offering an attractive yield compared to cash, the FTSE All-Share Index and peers in the UK Equity Income sector. This amounts to a total dividend for the year of at least 19.10p per share, an increase of 34.5% compared to the total dividend of 14.20p for the year ended 31 January 2025. Based on the share price of 297.0p as at 10 December 2025, this represents a notional dividend yield of 6.4%.

A first interim dividend in respect of the year ending 31 January 2026, of 3.20p per share, was paid on 29 August 2025 and a second interim dividend of 4.25p per share was paid on 28 November 2025.

The Board has today declared a third interim dividend in respect of the year ending 31 January 2026, of 4.25p per share, which will be payable on 27 February 2026 to shareholders on the register on 6 February 2026 with an ex-dividend date 5 February 2026.

The remaining dividend for the financial year is expected to comprise a final dividend of at least 7.40p per share payable in May 2026. A formal dividend announcement will be made in advance of this payment. 

It is the Board’s intention to continue with a progressive dividend policy with growth in absolute terms in future years from the increased level, and for future financial years the Board anticipates three equal interim dividend payments followed by a balancing final dividend