Current location:Culture Current news portal > business
Dividend hero SAINT's manager on the best shares for income and growth
Culture Current news portal2024-05-22 10:27:52【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://ethiopia.argoasecurityeu.com/html-82f599914.html
Address of this article:http://ethiopia.argoasecurityeu.com/html-82f599914.html
Very good!(2)
Related articles
- UK court rules that extension of UK police powers to intervene in protests is unlawful
- Oregon lodge famously featured in 'The Shining' will reopen after fire
- REVEALED: Former Tory minister who leapt to Angela Rayner's defence... is working for Labour
- China's civil aviation sector posts record Q1 numbers
- Massey, Perez hit homers to lead Royals in 8
- Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
- With homelessness on the rise, Supreme Court to weigh bans on sleeping outdoors
- The Latest
- Serie A champion Inter facing a nervous wait as deadline passes for loan repayment to Oaktree
- Moment 'Hardest Geezer' crosses the finish line at the London Marathon in 4hrs 25mins
Popular articles
Recommended
Biden to release 1 million barrels of gasoline in bid to lower prices at pump
Airport near volcano reopens as Indonesia lowers eruption alert level
Zendaya reveals how icon Serena Williams reacted to seeing her new tennis
Los Angeles sheriff's deputy dies months after being injured in fire inside mobile gun range
Election 2024: Biden and the Democrats raised far less in April than Trump and the GOP
Lod helps Minnesota United beat Charlotte 3
Vietnam police arrest assistant to National Assembly chairman — Radio Free Asia
Airport near volcano reopens as Indonesia lowers eruption alert level
Links
- Indonesia's president
- FM envisions ties with Benin, League of Arab States
- Xi calls on Hunan to write its chapter in advancing Chinese modernization
- Xi meets Vietnam's National Assembly chairman
- Hunan urged to stay committed to reform, innovation
- China, France pledge closer ties
- Xi holds talks with Indonesia's president
- Xi, Biden hold phone talks
- Xi, Biden agree to advance cooperation
- Xizang celebrates 65 years of democratic reform