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
Biden to release 1 million barrels of gasoline in bid to lower prices at pump
WASHINGTON (AP) — The Biden administration said Tuesday that it is releasing 1 million barrels of ga2024-05-22Cardi B makes jaws drop as she poses in school girl
Cardi B wowed as she took to Instagram to share a jaw-dropping carousel of photos of her posing in a2024-05-22Columbia switches to hybrid learning amid protests over Israel's war in Gaza
NEW YORK (AP) — Columbia University’s main campus will switch to hybrid learning for the rest of the2024-05-22Emily Blunt gazes adoringly at husband John Krasinski as they grace the red carpet at star
Emily Blunt put on a loved up display with husband John Krasinski as they hit the red carpet at a st2024-05-22Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
A potential multibillion-dollar settlement of an antitrust lawsuit has cleared the first of a three-2024-05-22Aboriginal spears taken by Captain Cook in 1770 are returned to Australia's Indigenous people
LONDON (AP) — Four Aboriginal spears that were taken to England by Captain James Cook more than 2502024-05-22
atest comment