Q: This has a 4% weighting, and I have held it mostly for income purposes since retirement in 2018. I have never been really compelled to be overly worried about its dividend payouts at different levels, quarterly. However, the last payout was very low at 0.0957. Can you see why it was such a drop, and if it indicates a change in their payout plans? As always, thanks for your fine service.
5i Research Answer:
The fund does not provide a reason. BUT......March was horrible for the markets and for tech companies, with the Iran situation resulting in a lot of selling. We would expect that the decline in March was reflected in the low distribution for April and we would expect a higher amount in May, considering the giant rebound the market had in April.
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