An increasing number of equity trusts are choosing to fix their dividends at a set proportion of their NAV, commonly referred to as an enhanced dividend, rather than the more traditional approach of basing their payout on the income they receive each year. A rule change in 2012 paved the way for this trend, although it took a few more years before it became more widely adopted. The last eighteen months or so have seen enhanced dividends surge in popularity, with 12 more trusts announcing such policies. It remains a divisive topic, with critics saying it adds costs and is essentially a trust ju...