Current location:Earthly Echoes news portal > business
Dividend hero SAINT's manager on the best shares for income and growth
Earthly Echoes news portal2024-05-21 12:48:41【business】9People have gathered around
IntroductionWhen it comes to tips on investing for income it's worth listening to the manager of an investment t
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
Address of this article:http://comoros.ekjotinstitute.com/article-60c899938.html
Address of this article:http://comoros.ekjotinstitute.com/article-60c899938.html
Very good!(11974)
Related articles
- Jon Wysocki dead at 53: Staind drummer passes away
- How Phish is using the Las Vegas Sphere's technology
- China's power use up 7.4 pct in March
- Airport near volcano reopens as Indonesia lowers eruption alert level
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- Japan helicopter crash: Flight data show no sign of mechanical failure
- China's civil aviation sector posts record Q1 numbers
- WADA stands by decision to clear Chinese swimmers for Tokyo Olympics citing contaminated samples
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Cher, Ozzy Osbourne among 2024 Rock & Roll Hall of Fame inductees
Popular articles
Recommended
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Los Angeles sheriff's deputy dies months after being injured in fire inside mobile gun range
Giant panda parents, cubs back in China from Spain
Dog's dining table act shocks family and leads to speculation he was a 'human in a past life'
US overdose deaths dropped in 2023, the first time since 2018
China's new high
Sir Keir's patriotism problem: One
Local election workers fear threats to their safety as November nears
Links
- Burnley slips closer to relegation from Premier League with 4
- A British Palestinian doctor was denied entry to France for a Senate meeting about the war in Gaza
- Senate races are roiled by campus protests over the war in Gaza as campaign rhetoric sharpens
- A Chinese driver is praised for helping reduce casualties in a highway collapse that killed 48
- NYPD body cameras show mother pleading “Don’t shoot!” before officers kill her 19
- Britney Spears' sister Jamie Lynn Spears isn't bothered by Toxic singer branding her a 'b***h
- Heartstopping moment five year
- Third round of China Open canceled because of thunder and lightning. Event shortened to 54 holes
- Sia files to legally change her name one year after marrying second husband Dan Bernad
- I hosted puppy yoga and my house ended up stinking of poo