Update (Sep 2026): CTY became the first trust to reach 60 years of consecutive dividend increases in 2026. In the year to June 2024, it returned +16% versus +13% for the All-Share, followed by +17% versus +11% to June 2025, and +22% versus 22% to June 2026. The shares traded at a discount for most of 2024 and early 2025, but since then it has mostly enjoyed a premium rating and returned to regular issuance, taking its market cap to around £3bn.

The City Of London Investment Trust (ticker: CTY) was launched in 1891. It has the longest run of consecutive dividend increases across the investment...