Most probably the safest dividend in the Investment Trust Universe, dividends are not re-invested into CTY but re-invested into the higher yielding shares in your portfolio.
If you had bought the yield around the covid low, the yield was around 6% which has gently increased to 6.75%.
Chart: Not Including dividends.
The current yield is 4.47% so if you pair traded with a higher yielder a blended yield of 7%. With a ‘safer’ dividend you could accept a lower blended yield.
Still some time before you achieve the holy grail of investing, where you can take out your stake and have a share producing income at zero, zilch, cost.
If you had invested 10k, you would have earned very roughly £2,500 in dividends which would be earning more dividends, for your Snowball, re-invested in a higher yielder.
The current dividend would be around £675.00 p.a.
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