Questor: this trust has the reserves to survive three years of dividend drought
Managers expect strong performance from Claverhouse’s British stocks Credit: Jim Dyson /Getty Images Reserves that could be used to support the trust’s dividend during the pandemic were behind our decision a year ago to add JP Morgan Claverhouse to our Income Portfolio at the expense of Invesco Income Growth. Its annual report, published last month, gave us an update on the state of those reserves. The trust said that, following payment of the fourth quarterly dividend, its reserves would amount to £15.8m or 27.1p per share. This compared with £19.6m or 34.4p a share in 2019. The tot...