Sarasin Global Higher Dividend Fund delivers seventh successive year of dividend growth
The Sarasin Global Higher Dividend Fund has delivered a dividend yield of 4.74 per cent for the year ended 2013.
Whilst the fund aims to grow its dividend over the long term, it has delivered successive annual dividend growth in the seven years since its launch in May 2006.
The fund is the only one in the IMA Global Equity Income Sector since its inception to have consistently raised its annual dividend, giving it one of the strongest ‘absolute income’ records among its peers.
Sarasin Global Higher Dividend Fund, previously Sarasin International Equity Income Fund, was renamed in January 2014 to reflect more accurately its objective of achieving a consistently attractive level of income, in addition to long-term capital appreciation. The fund, launched in 2006 in response to the demand from UK investors for more diversified global income streams, aims to generate an income premium of over 50 per cent above the benchmark yield (MSCI World Index).
Mark Whitehead, fund manager and partner at Sarasin & Partners, says: “At the very outset, we said the Sarasin Global Higher Dividend Fund would target dividend growth over the long term as well as capital appreciation. I am glad to say that is precisely what we have delivered. Our long-term view and robust thematic process have been essential in sourcing those high-quality, forward-looking companies that are not only able to pay a well-covered dividend today but also have the potential to offer a consistent or rising dividend into the future, in turn producing a yield that is one of the highest in the sector.
“It is our continued aim to invest in companies that are themselves investing for future growth, which should lead to sustainable earnings and dividend growth over the long term.”
Guy Monson, managing partner and chief investment officer at Sarasin & Partners, adds: “We continue to believe that the consistent income growth that Mark and his team have generated, and the diversified nature of the global dividends that underpin this, make our higher dividend fund a compelling solution for all income-seeking investors.”
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