TMPL is in the Snowball as a pair trade, where a low yield Trust is paired with a high yield Trust to maintain a blended yield of 7%.
TMPL could be sold if it prints a profit and re-invested in a higher yielding Trust or if not more shares could be bought using the Snowball’s dividend stream.
I will buy another 1k today, bringing the total to 3k as it’s xd this week.
THIRD INTERIM DIVIDEND
The Board of the Company has today declared its third interim dividend for the year ending 31 December 2025 of 3.75p per ordinary share (2024: 3.00p per ordinary share).
As described in the Company’s Annual Report for the year ended 31 December 2024, this dividend includes a 0.75p per ordinary share enhancement reflecting the Board’s decision to distribute an element of the returns earned from share buybacks within the Company’s portfolio.
It is the Board’s current intention, in the absence of unforeseen circumstances, to pay one more dividend of at least 3.75p per ordinary share in respect of the current financial year. This has raised the prospective dividend yield on the Company’s shares to 4.1%.
The third interim dividend will be paid on 30 December 2025 to those shareholders registered at the close of business on 21 November 2025.
The ordinary shares will trade ex-dividend from 20 November 2025.
Current price £3.67, most probably cheaper later today, a yield of 4%.
Thank you for offering such practical guidance.
Thanks for taking the time to break this down step-by-step.
This content is gold. Thank you so much!
I hadn’t considered this angle before. It’s refreshing!
You write with so much clarity and confidence. Impressive!