Dividend hero SAINT's manager on the best shares for income and growth
Time:2024-05-21 07:36:50 Source:worldViews(143)
When it comes to tips on investing for income it's worth listening to the manager of an investment trust that's raised its dividend payout for 50 years in a row.
Scottish American Investment Company, commonly known as SAINTS, is one of the AIC's Dividend Hero investment trusts - the select band with the longest running history of raising their dividend year-in, year-out.
And it's now a member of an even more elite group within those trusts, those with at least 50 years of upping payouts.
But SAINTS takes a different approach to many dividend funds and invests for both income and growth, which explains why instead of the usual suspects, its top ten holdings include Magnificent Seven tech behemoth Microsoft, fat-loss and diabetes drug maker Novo Nordisk, and chipmaker TSMC.
That also explains why the trust only has a dividend yield of 2.82 per cent, considerably lower than some of its peers.
On this episode of the Investing Show, James Dow, the co-manager of SAINTS, speaks to Simon Lambert about why he believes that even when investing for income, growth matters to investors - and the stocks he picks to deliver both.
He also explains more about how the 150-year-old investment trust operates and why it also holds other assets, including bonds and property.
SAINTS: Facts and figures
Scottish American Investment Company known as SAINTS
Managers: Baillie Gifford - James Dow and Ross Mathison
Global Equity Income sector
Yield: 2.82 per cent
Ongoing charges: 0.58%
Market cap: £890M
Share price discount to NAV: -10.69%
Performance:
Source: AIC / Morningstar
Previous:Mystery artist who erected signs comparing pothole
Next:Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
You may also like
- NBA playoffs: Edwards leads Wolves to 98
- I took a flight from Bristol to Edinburgh instead of getting the train
- I'm a solo British traveller
- Inside 'the best premium economy cabin in the WORLD': The Mail tests out EVA Air's award
- Siblings trying to make US water polo teams for Paris Olympics
- Travel fanatic who has used TSA PreCheck for 'her whole life' SLAMS popular service
- Best credit cards rated: Top for cashback, rewards and clearing debt
- The ultimate coffee
- Jon Wysocki dead at 53: Staind drummer passes away