Edison Investment Research Updates on Murray Income Trust: Consistent Performance in Income and Growth

Edison Investment Research has recently published an update on Murray Income Trust (MUT), highlighting its enduring performance in dividend and capital growth. The trust, primarily investing in high-quality UK-listed stocks, has maintained a record of increasing dividends for 50 years. For the fiscal year ending June 30, 2023, MUT declared a dividend of 37.5 pence per share, with an anticipated rise to at least 38.0 pence in FY24, aiming at a yield of 4.5%.

In addition to dividend growth, MUT has consistently outperformed the market and its peers in terms of absolute gains, achieving an annual average net asset value (NAV) return of 6.1% over the past decade. This compares favorably to the general market's average gain of 5.8% per annum. With UK equities currently considered undervalued, the trust's management expects its high-quality holdings to perform well as investor interest in UK stocks rejuvenates.

The trust also offers investors a diversified investment portfolio, with 80% of its income derived from international sources, safeguarding against potential downturns in the UK economy. Additional revenue is generated through a strategic options writing program, providing a modest boost to the trust’s income.