The Lemon Fool

Dividend declaration:

https://www.investegate.co.uk/announcem ... on/7645389

CQS New City High Yield Fund Limited

("the Company")



Fourth Interim Dividend Declaration



The Company announces its fourth interim dividend of 1.49 pence per share (2022 - 1.48 pence) payable on 31 August 2023 to shareholders on the register on 28 July 2023, having an ex-dividend date of 27 July 2023.

I plan to buy more probably tomorrow.

I've held NCYF for just over 5 years. The dividend is almost, but not quite, static.

Year 1 : 4.45p
Year 2 : 4.46p
Year 3 : 4.47p
Year 4 : 4.48p
Year 5: 4.49p

I wonder what next year will bring... ...

The calculated XIRR value is 5.2% so not too bad (recent inflation excepted).

Yield on offer is ~10%.

monabri wrote:I've held NCYF for just over 5 years. The dividend is almost, but not quite, static.
Yield on offer is ~10%.

Given that it's a parcel of FI, I suppose one has to be grateful for any increase.

Having said that, I see in their top holdings they have been tempted by the 15% yield on offer from the ords of Diversified Energy which is currently my largest holding.

V8