City of London Investment Group One of the most attractive dividend yielding stocks

City of London Investment Group Plc (LON:CLIG) is the topic of conversation with Robin Savage, Research Director at Zeus Capital. Robin compares today’s interim management statement for the 3 months to 31 March with his own expectations, explains how operating profits of £1.5m a month translates to a full year, and given CLIG shares at 385p are trading on under 10x next years’ earnings and on more than a 6.2% dividend yield does this make CLIG shares attractive in Robins opinion.

City of London Investment Group PLC is a holding company. The Company operates through asset management segment. The Company focuses on closed-end fund investments. The Company offers developed, frontier and tactical asset allocation and private equity closed-end fund strategies. Its Emerging Market closed-end fund provides long-term capital growth through stock selection and active country allocation. Its Frontier Markets Fund provides above average, long-term outperformance versus the appropriate benchmark while maintaining a lower level of volatility than the benchmark. The Company’s clients include pension funds, foundations, endowments and other institutional managers. The Company has over 150 institutional clients. The Company operates in the United States, Canada and Europe. The Company’s principal operating subsidiary is City of London Investment Management Company Limited, which acts as its investment advisor and advises on approximately 50 accounts.