Dividend hero SAINT's manager on the best shares for income and growth
Time:2024-05-21 16:24:54 Source:entertainmentViews(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:Nadal returns to Roland Garros to practice amid doubts over fitness and form
Next:Ship that caused Baltimore bridge collapse has been refloated
You may also like
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
- Planning for potential presidential transition underway as Biden administration kicks it off
- Leicester promoted back to English Premier League
- Casey DeSmith makes 30 saves as the Canucks take 2
- Cruise worker 'murders newborn son on board ship': Shocked co
- Solar panel plant coming to eastern North Carolina with 900 jobs
- China to establish modern eco
- UN investigators probe 14 Gaza aid staffers Israel had tied to Hamas' Oct. 7 attack
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs