City of London Investment Group (CLIG.L) Starting To Change The Dividend Question  Â
With the key lines of the P&L already disclosed in the January trading statement, the Interim report from City of London Investment Group contains no real surprises. The key line for investors is profit after tax, which was £3.16m for the six months, an adequate rate to cover the dividend again if sustained for the full year.City of London Investment Group is the holding company for a number of subsidiaries. The principal operating subsidiary is City of London Investment Management Company Limited, which acts as an investment manager on 38 accounts with a total of £3.58 billion under management as at June 30 2017. Co. is an asset management group with an institutional client focus specializing in Emerging Market closed-end fund investments. Co.'s range also include Developed, Frontier and Global Tactical Asset Allocation closed-end fund strategies.
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