BRAI

Having DYOR, you know that the American markets outperform in the long run, notwithstanding that, you can lose in the short term.

You are interested in BRAI as their new dividend policy is 1.5% of NAV.

Of course if the NAV falls the dividend will decrease but if the NAV increases so will the dividend.

You will see the price follows the NAV, most of the time

The chart includes the earned dividends, which as it would be one of the lower yielders in your Snowball, the dividends would most probably be re-invested back into a higher yielder.

As the yield is below 6% it could be pair traded with a higher yielder above 8% to give you a blended yield of 7%.

Dividends

New enhanced dividend policy roughly 6% of NAV each year

BRAI has long paid part of its dividend out of capital. However, with effect from 17 April 2025, BRAI adopted a policy of paying a quarterly dividend equivalent to 1.5% of NAV (approximately 6% annually). Without the constraint of having to hold high-yielding stocks to generate its income, BRAI is free to go anywhere within the US market and try to maximise its total returns.

The current price is 250p and the current fcast dividend is just below 6%