You knew that MRCH was a dividend hero and watched as the price fell.

The previous year’s dividend was 27.10p. Price 350p a yield of 7.8%.

You also knew that MRCH had dividend reserves to pay the dividend in times of market stress.

You decide to buy and for this example, you decide just to re-invest the dividends back into MRCH.

You decide to take out your stake and re-invest in another high yielder.

You have achieved the holy grail of investing of having a Trust in your portfolio that pays you an income at zero, zilch, nothing cost.

The current yield with MRCH is 5% and if you re-invested in another Trust yielding 10% your yield on your initial buy would be 15% pa.

GRS