Alliance Trust reveals fourth dividend
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Dundee-based Alliance Trust has announced a fourth interim dividend, of 3.274p, for the year ended December 31.
The news, which comes in a week when the firm’s shareholders overwhelmingly backed the board’s proposed switch to a multi-manager model, means the total dividends paid or declared for the year by the Dundee trust will be 16.4 per cent over the ordinary dividend paid in 2015.
The 129 year old trust traded up 0.36 per cent on the news yesterday, reaching 691p.
20,223,103 shares of the company’s stock were exchanged.
The firm’s 50-day moving average is 6.84p and its 200-day moving average is 650p.
Its market cap is £3.55 billion.
It has a 12 month low of 480.20p and a 12 month high of 694.5p.
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