Dividend hero SAINT’s manager on the best shares for income and growth – James Dow on the INVESTING SHOW


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

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