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42 Consecutive Years of Dividend Growth

Although past performance is no guide to the future, Merchants has paid rising dividends to its shareholders for 42 consecutive years. It is one of the Association of Investment Companies’ Dividend Heroes – an elite list of investment trusts that have increased their dividends for 20 years or more. So, Merchants could be an attractive proposition for investors planning for retirement, looking to increase their savings or simply wanting to supplement their income. Please remember, however, that a ranking, a rating or an award provides no indicator of future performance and is not constant over time.

A Dividend Hero

The Association of Investment Companies (AIC) has released the latest list of dividend heroes – those investment companies that have increased their dividends each year for 20 years or more.

Merchants has been highlighted as having increased its dividend year on year for 42 consecutive years.

A ranking, a rating or an award provides no indicator of future performance and is not constant over time.

1 Past performance is not a reliable indicator of future returns. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market fluctuations and you may not get back the amount originally invested.This investment trust charges 65% of its annual management fee to the capital account and 35% to revenue. This could lead to a higher level of income but capital growth will be constrained as a result.

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