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.
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
Amtrak train hits pickup truck in upstate New York, 3 dead including child
America's best airlines ranked
Novartis, Danaher rise; Nucor, Cadence Design Systems fall, Tuesday, 4/23/2024
Both bodies found five days after kayaks capsized going over a dangerous dam in Indianapolis
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Analysis: Golf has two dominant forces in Scheffler and Korda. It didn't happen overnight
Mistrial declared in case of Arizona rancher accused of murdering Mexican migrant on his land
Paris mayor is confident that water quality will allow Olympic swimming in the River Seine
Messi in and Dybala out in Argentina squad for pre
Woman charged with murder in crash that killed young brother and sister at birthday party
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Phish fans are famously dedicated. What happens when they enter the Sphere?