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Tufton Assets (SHPP)

#3

NAME: TUFTON OCEANIC ASSETS

STOCK MARKET TICKER: (SHPP)

BUSINESS: SHIP LEASING

WHAT I PAID AND WHEN: 86p IN AUGUST  2021

DIVIDEND YIELD: 7.2%

ANNUAL DIVIDEND GROWTH: 7.4%

LAUNCH DATE: DECEMBER, 2017

TOTAL ASSETS: £416 MILLION

More than 80% of international trade by volume and 70% by value is transported by sea. Few investors can participate directly in shipping but investment trusts make it convenient and cost-effective to do so. Step forward Tufton Assets (stock market ticker: SHPP for sterling shares, SHIP for dollar-denominated stock), a second-hand marine leasing specialist that has delivered a high and rising income, earning its place as the most valuable asset in my Isa.

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