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
1 dead, 7 missing after 2 Japan MSDF helicopters crash near Izu Islands
One death has been confirmed after two patrol helicopters of the Japan Maritime Self-Defense Force (2024-04-30Thierry Henry blames Declan Rice for Bayern Munich's opener at the Emirates
Thierry Henry believes that Declan Rice shoulders the blame for the concession of Arsenal's first go2024-04-30Masters stars' adorable children take over the course on the eve of the tournament
Masters week is known for demonstrating the skills of golf's best and brightest out on the green.But2024-04-30Kylie Minogue looks effortlessly chic in a pink silk co
Kylie Minogue looked effortlessly chic as she stepped out on Wednesday for a night on the town at Lo2024-04-30China's NEVs powering up to lead global sustainability charge
People visit the 2024 Beijing International Automotive Exhibition in Shunyi District, Beijing, capit2024-04-30Blake Lively says she dreamed up husband Ryan Reynolds as she promotes their new animated film IF
Blake Lively appeared on Instagram on Wednesday to promote her and husband Ryan Reynolds' new John K2024-04-30
atest comment