Announcement • Jul 22
M&G Credit Income Investment Trust plc Declares Second Interim Quarterly Dividend for the Financial Year Ending 31 December 2026, Payable on 21 August 2026 M&G Credit Income Investment Trust plc has declared an interim dividend of 1.75 pence per Ordinary Share, being the second interim quarterly dividend in respect of the financial year ending 31 December 2026. The dividend comprises an Interest Distribution of 1.16 pence per Ordinary Share and a Dividend Distribution of 0.59 pence per Ordinary Share. The dividend will be payable on 21 August 2026 to ordinary shareholders on the register as at 31 July 2026. Ex-dividend date 30 July 2026. Announcement • Mar 30
M&G Credit Income Investment Trust plc, Annual General Meeting, May 20, 2026 M&G Credit Income Investment Trust plc, Annual General Meeting, May 20, 2026. Location: the offices of m and g alternatives investment, management limited, 10 fenchurch avenue, london ec3m 5ag United Kingdom Announcement • Jan 20
M&G Credit Income Investment Trust plc Announces Final Interim Quarterly Dividend for the Financial Year Ending 31 December 2025, Payable on 20 February 2026 M&G Credit Income Investment Trust plc announced an interim dividend payment of 1.85 pence per Ordinary Share, being the final interim quarterly dividend in respect of the financial year ended 31 December 2025. The dividend will be paid on 20 February 2026 to ordinary shareholders on the register on 30 January 2026. The ex-dividend date will be 29 January 2026. Announcement • May 09
M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering in the amount of £0.235 million. M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering in the amount of £0.235 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000
Price\Range: £0.94 Declared Dividend • Apr 20
Fourth quarter dividend reduced to UK£0.02 Dividend of UK£0.02 is 8.8% lower than last year. Ex-date: 1st May 2025 Payment date: 27th May 2025 Dividend yield will be 8.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio) nor is it covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control, which is more than the 12% EPS growth achieved over the last 5 years. Announcement • Apr 18
M&G Credit Income Investment Trust plc Announces an Interim Dividend Payment in Respect of the Financial Year Ended December 31, 2025, Payable on May 27, 2025 M&G Credit Income Investment Trust plc announced an interim dividend payment of 1.96 pence per Ordinary Share, being the first interim quarterly dividend in respect of the financial year ended December 31, 2025. The dividend will be paid on 27 May 2025 to ordinary shareholders on the register on 2 May 2025. The ex-dividend date will be 1 May 2025. the dividend payment and the Company has designated the payment as follows: Interest Distribution per Ordinary Share: 1.25 pence, Dividend Distribution per Ordinary Share: 0.71 pence, Total Dividend per Ordinary Share: 1.96 pence. New Risk • Apr 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 204% Dividend yield: 8.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 28
M&G Credit Income Investment Trust plc, Annual General Meeting, May 21, 2025 M&G Credit Income Investment Trust plc, Annual General Meeting, May 21, 2025. Location: the offices of mandg alternatives investment, management limited, 10 fenchurch avenue, london ec3m 5ag United Kingdom Announcement • Mar 12
M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering. M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing Announcement • Mar 11
M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering. M&G Credit Income Investment Trust plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock Declared Dividend • Jan 22
Dividend of UK£0.021 announced Shareholders will receive a dividend of UK£0.021. Ex-date: 30th January 2025 Payment date: 21st February 2025 Dividend yield will be 8.6%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 31% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 18
M&G Credit Income Investment Trust plc Declares Final Interim Quarterly Dividend in Respect of the Financial Year Ended 31 December 2024, Payable on 21 February 2025 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.09 pence per Ordinary Share, being the final interim quarterly dividend in respect of the financial year ended 31 December 2024. The dividend will be paid on 21 February 2025 to ordinary shareholders on the register on 31 January 2025. The ex-dividend date will be 30 January 2025. New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (98% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non Executive Director Jane Routledge was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 24
Dividend of UK£0.021 announced Shareholders will receive a dividend of UK£0.021. Ex-date: 31st October 2024 Payment date: 22nd November 2024 Dividend yield will be 8.8%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 31% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 23
M&G Credit Income Investment Trust plc Announces Third Interim Quarterly Dividend in Respect of the Financial Year Ending 31 December 2024, Payable on 22 November 2024 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.14 pence per Ordinary Share, being the third interim quarterly dividend in respect of the financial year ending 31 December 2024. The dividend will be paid on 22 November 2024 to ordinary shareholders on the register on 1 November 2024. The ex-dividend date will be 31 October 2024. The directors have chosen to apply the ‘streaming’ regime to part of the dividend payment and the Company has designated the payment as follows: Interest Distribution per Ordinary Share: 1.40 pence. Dividend Distribution per Ordinary Share: 0.74 pence. Total Dividend per Ordinary Share: 2.14 pence. Declared Dividend • Jul 25
Fourth quarter dividend of UK£0.021 announced Shareholders will receive a dividend of UK£0.021. Ex-date: 1st August 2024 Payment date: 23rd August 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 31% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 24
M&G Credit Income Investment Trust plc Declares Second Interim Quarterly Dividend in Respect of the Financial Year Ending 31 December 2024, Payable on 23 August 2024 M&G Credit Income Investment Trust plc (the “Company”) announced an interim dividend payment of 2.15 pence per Ordinary Share, being the second interim quarterly dividend in respect of the financial year ending 31 December 2024. The dividend will be paid on 23 August 2024 to ordinary shareholders on the register on 2 August 2024. The ex-dividend date will be 1 August 2024. Declared Dividend • Apr 26
Fourth quarter dividend increased to UK£0.021 Dividend of UK£0.021 is 21% higher than last year. Ex-date: 2nd May 2024 Payment date: 24th May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 31% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 26
M&G Credit Income Investment Trust plc Announces First Interim Quarterly Dividend in Respect of the Financial Year Ended December 31, 2024, Payable on May 24, 2024 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.15 pence per Ordinary Share, being the first interim quarterly dividend in respect of the financial year ended 31 December 2024. As referred to in Part 7 ‘Taxation’ of the Company’s prospectus dated 26 September 2018, the directors have chosen to apply the ‘streaming’ regime to part of the dividend payment and the Company has designated the payment as follows: Interest Distribution per Ordinary Share: 1.49 pence, Dividend Distribution per Ordinary Share: 0.66 pence, Total Dividend per Ordinary Share: 2.15 pence. The dividend will be paid on 24 May 2024 to ordinary shareholders on the register on 3 May 2024. The ex-dividend date will be 2 May 2024. Announcement • Mar 29
M&G Credit Income Investment Trust plc, Annual General Meeting, May 21, 2024 M&G Credit Income Investment Trust plc, Annual General Meeting, May 21, 2024, at 09:00 Coordinated Universal Time. Location: M&G Alternatives Investment Management Limited, 10 Fenchurch Avenue London United Kingdom New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (147% payout ratio). Declared Dividend • Jan 26
Dividend of UK£0.021 announced Shareholders will receive a dividend of UK£0.021. Ex-date: 1st February 2024 Payment date: 23rd February 2024 Dividend yield will be 8.5%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is covered by cash flows (80% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years. Announcement • Jan 25
M&G Credit Income Investment Trust plc Announces Final Interim Quarterly Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 23 February 2024 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.14 pence per Ordinary Share, being the final interim quarterly dividend in respect of the financial year ended 31 December 2023. The dividend will be paid on 23 February 2024 to ordinary shareholders on the register on 2 February 2024. The ex-dividend date will be 1 February 2024. Announcement • Oct 26
M&G Credit Income Investment Trust plc Announces Third Interim Quarterly Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 24 November 2023 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.12 pence per Ordinary Share, being the third interim quarterly dividend in respect of the financial year ended 31 December 2023. The dividend will be paid on 24 November 2023 to ordinary shareholders on the register on 3 November 2023. The ex-dividend date will be 2 November 2023. Announcement • Jul 27
M&G Credit Income Investment Trust plc Announces Second Interim Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 25 August 2023 M&G Credit Income Investment Trust plc announced an interim dividend payment of 1.93 pence per Ordinary Share, being the second interim quarterly dividend in respect of the financial year ended 31 December 2023. The dividend will be paid on 25 August 2023 to ordinary shareholders on the register on 4 August 2023. The ex-dividend date will be 3 August 2023. New Risk • Jul 09
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Announcement • Jan 25
M&G Credit Income Investment Trust plc Final Announces Interim Dividend, Payable on 24 February 2023 M&G Credit Income Investment Trust plc announced an interim dividend payment of 2.43 pence per Ordinary Share, being the final interim quarterly dividend in respect of the financial year ended 31 December 2022. This dividend, in combination with the Company's three previous quarterly dividends, represents an annualized rate of SONIA plus 4% for the financial year ended 31 December 2022, calculated by reference to the opening net asset value as at 1 January 2022, adjusted for the payment of the last dividend in respect of the prior financial year. The dividend will be paid on 24 February 2023 to ordinary shareholders on the register on 3 February 2023. The ex-dividend date will be 2 February 2023. Announcement • Oct 28
M&G Credit Income Investment Trust plc Announces Third Interim Dividend for the Year Ending 31 December 2022, Payable on 25 November 2022 M&G Credit Income Investment Trust plc announced a third interim dividend payment of 1.14 pence per Ordinary Share for the year ending 31 December 2022. The dividend will be paid on 25 November 2022 to ordinary shareholders on the register on 4 November 2022. The ex-dividend date will be 3 November 2022. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Barbara Powley was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Barbara Powley was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Is New 90 Day High Low • Nov 17
New 90-day low: UK£0.83 The company is down 14% from its price of UK£0.96 on 19 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: UK£0.89 The company is down 8.0% from its price of UK£0.96 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 5.0% over the same period.