CT UK High Income Trust Plc (LON:CHI) Announces Dividend Increase – GBX 1.74 Per Share

CT UK High Income Trust Plc (LON:CHI) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of GBX 1.74 ($0.02) per share on Friday, May 2nd. This represents a yield of 1.75%. The ex-dividend date is Thursday, April 3rd. This is a 28.9% increase from CT UK High Income Trust’s previous dividend of $1.35. The official announcement can be accessed at this link.

CT UK High Income Trust Stock Performance

Shares of LON CHI opened at GBX 100.38 ($1.30) on Friday. The stock has a market capitalization of £83.63 million, a PE ratio of 1,003.78 and a beta of 0.75. CT UK High Income Trust has a 52 week low of GBX 82 ($1.06) and a 52 week high of GBX 105 ($1.36). The stock has a 50 day moving average price of GBX 98.78 and a 200 day moving average price of GBX 94.39. The company has a debt-to-equity ratio of 14.15, a quick ratio of 1.06 and a current ratio of 0.14.

About CT UK High Income Trust

CT UK High Income Trust PLC aims to provide shareholders with an attractive level of income together with the opportunity for Trust growth. The Trust invests predominantly in UK equities and equity-related securities of companies across the market capitalisation spectrum.

The trust has two classes of share – Ordinary shares and B shares – which pay the same level of quarterly cash distributions.