Stock data
| Market cap. | £147.8m |
| Last close | 221.00p |
| High / Low (52 weeks) | 320.0p / 221.0p |
| Stock market listing | LSE |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Investment Companies & Trusts |
| Sector | Investment Trusts |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (13.46) | (20.97) | (28.71) |
| Relative * | (9.21) | (14.47) | (21.65) |
* % Relative to local index
Other companies covered in sector
Latest research
Dividend growth from natural resources
Review | Investment Trusts | 27/03/2012
Well diversified natural resources exposure
Review | Investment Trusts | 15/11/2011
Continuing strong performance
Review | Investment Trusts | 15/03/2011
A diversified natural resources play
Review | Investment Trusts | 29/09/2010
Diversified natural resources play with regular growing dividend
Review | Investment Trusts | 16/03/2010
Investment summary
City Natural Resources High Yield Trust (CYN) is one of only three UK-registered investment trusts to focus exclusively on the natural resources sector. It has a strong long-term performance record returning 605.9% (NAV total return) and 505.5% (share price total return) since 2003 vs total returns of 264.8% and 97.2% from its composite benchmark and FTSE World Indices. CYN pays quarterly dividends and, with growth in revenue reserves of 15.3% to 6.8p during the year to 31 December, we believe it is well positioned to provide double-digit dividend growth again this year (2011 dividend: 4.22p), having already doubled its dividend during the last four years.
Last updated on 27/03/2012
Key management
| Geoff Burns, Chairman |
| Will Smith, Fund manager |
| Merfyn Roberts, Fund manager |
Company address
| New City Investment Managers Ltd 5th Floor, 33 Chester Street London SW1X 7LB United Kingdom +44 (0)20 7201 6900 View website |
