Utilities and High Income Strategy
The strategy targets a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income by investing primarily in utility company stocks as well as USD-denominated high yield debt.
Competitive advantages
Why dividend growers?
Dividend growth often signals other favorable qualities in companies. A focus on dividend growers has historically produced strong risk-adjusted returns over a full market cycle.
Consistent capital allocation
The team expects each owned company to make disciplined capital allocation decisions, which can lead to higher and more consistent returns.
Pure dividend-focused approach
The team’s fundamental research focuses on ensuring each company’s dividend is dynamic, durable, and decisive.
Pure dividends: Dynamic, durable, decisive
The team believes companies with a history of consistently increasing dividends have significant signaling qualities. We expect those we own to make disciplined capital decisions—aiming for higher, more consistent returns.