Will 2020 be the year that the so-called “dividend hero” trusts finally fall to earth?
These are the quoted funds that have increased their dividends annually for at least the past 20 years. Some have managed to raise the payment every year for more than half a century.
We can be sure that the board of any trust that has not failed to raise its divi for many decades will move heaven and earth to avoid a cut now. Equally, the pressure on income funds is huge: hundreds of listed companies have cut or suspended their own dividend.