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 figuresScottish 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 |
Displaced Lebanese long for home as Hezbollah22nd China Cultural Tourism Global Forum held in ShenzhenBiden hosts Czech leader at White House to promote Ukraine aid amid holdup in CongressMan City star Jack Grealish reveals new nightCultural tourism effort in Dongtou bears fruitMuch of central US faces severe thunderstorm threat and possible tornadoesAudit report finds German green transition lags behind targetsRihanna showcases her impeccable style in a quirky fur coat as she secures frontA political prisoner in Belarus smuggles out account of beatings after writing on toilet paperCultural tourism effort in Dongtou bears fruit