High yielding trusts

The trusts yielding 5%+ with no dividend cuts in ten years

The AIC has revealed a list of 26 investment trusts that pay a yield of more than 5% and have not cut a dividend in the past ten years. That includes five trusts from the Renewable Energy Infrastructure sector, with yields ranging from 9.2% to 12.5%. There are also five trusts from the UK Equity Income sector, three from the property sectors, and three infrastructure trusts. Five of the trusts offer a double-digit yield.

To make the list, trusts needed a yield of at least 5% and a ten-year history with no year-on-year dividend cuts and a positive total return over the decade. Nick Britton, Research Director at the Association of Investment Companies (AIC), said: “These trusts show that high yields and consistent income can go together. While dividends are never guaranteed, this list could make a useful starting point for investors who are interested in a yield that’s higher than average – much higher in some cases – but still want to see a good track record of dividend payments.

“…this list could make a useful starting point for investors who are interested in a yield that’s higher than average – much higher in some cases – but still want to see a good track record of dividend payments.”

Nick Britton, Research Director at the Association of Investment Companies (AIC)

“It will also be helpful for investors looking for diversification, spanning asset classes from UK and global equities to infrastructure, debt, renewable energy, property and even private equity. Investors should always do their homework before investing, and if in doubt, consult a financial adviser.”

Investment trust	AIC sector	Yield %	5yr dividend growth % p.a.
abrdn Asian Income Fund	Asia Pacific Equity Income	7.34	9.30
Henderson Far East Income	Asia Pacific Equity Income	11.18	1.89
CQS New City High Yield Fund	Debt - Loans & Bonds	8.71	0.22
Invesco Bond Income Plus	Debt - Loans & Bonds	7.08	3.17
CT Global Managed Portfolio Income	Flexible Investment	6.70	4.46
UIL	Flexible Investment	7.21	1.30
Lindsell Train Investment Trust	Global	6.28	13.07
HICL Infrastructure	Infrastructure	7.50	0.49
International Public Partnerships	Infrastructure	7.86	3.04
Sequoia Economic Infrastructure Income	Infrastructure	9.17	2.76
CT Private Equity Trust	Private Equity	6.01	14.26
Real Estate Credit Investments	Property - Debt	9.64	0.00
Value and Indexed Property Income	Property - UK Commercial	7.27	2.27
TR Property Investment Trust	Property Securities	5.38	3.07
Foresight Environmental Infrastructure	Renewable Energy Infrastructure	10.94	3.06
Foresight Solar Fund	Renewable Energy Infrastructure	10.06	3.43
Greencoat UK Wind	Renewable Energy Infrastructure	9.24	7.58
NextEnergy Solar Fund	Renewable Energy Infrastructure	12.53	4.66
Renewables Infrastructure Group	Renewable Energy Infrastructure	10.33	2.38
Henderson High Income Trust	UK Equity & Bond Income	6.24	1.58
abrdn Equity Income Trust	UK Equity Income	7.01	2.24
Chelverton UK Dividend Trust	UK Equity Income	9.15	7.03
CT UK High Income Trust	UK Equity Income	5.65	2.20
Merchants Trust	UK Equity Income	5.35	1.78
Shires Income	UK Equity Income	5.74	1.76
Athelney Trust	UK Smaller Companies	5.60	1.26

Source: theaic.co.uk / Morningstar. Data correct to 25/03/25. Includes investment trusts with a yield of at least 5%, a positive ten-year share price total return, and no dividend cuts in the past ten years based on annual dividends (complete years only) and excluding special dividends. Excludes investment trusts undergoing wind-up, restructuring, acquisition or strategic review.