Dividend hero SAINT's manager on the best shares for income and growth
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
Related articles
- Tom Holland enjoyed a post-show cup of tea and proudly waved to fans as he left the Duke of York's T2024-05-21
Saints sign their top draft choice, offensive tackle Taliese Fuaga
METAIRIE, La. (AP) — The New Orleans Saints have signed their first-round draft choice, tackle Talie2024-05-21Baby Reindeer's Jessica Gunning reenacts stalker Martha's pose as she joins co
The cast of Baby Reindeer continued to ride the wave of the show being a huge Netflix hit as they at2024-05-21Guyana says it gave permission for the US military to fly 2 powerful jets over the capital
GEORGETOWN, Guyana (AP) — Guyana’s government on Thursday said it gave permission for the U.S. milit2024-05-21Cruise worker 'murders newborn son on board ship': Shocked co
A cruise worker on board an Italian ship 'murdered her newborn son' as horrified co-workers raised t2024-05-21Shaquille O'Neal leaves fans concerned with cryptic social media response to his ex
Shaquille O'Neal has left fans worried after appearing to address comments from his ex-wife Shaunie2024-05-21
atest comment