Whether buying individual stocks or collective mutual funds, you should never underestimate the power of the dividend.
Dividends are the regular payments companies make to reward investors and maintain their loyalty, and over the long run they can make up a surprisingly high proportion of your overall investment return.
Gordon Robertson, director of Investme financial services in Dubai, says many investors ignore their potential. “The S&P 500 had a total return over the last 20 years of approximately 176 per cent, or 5.25 per cent a year. If you had reinvested all your dividends, your total return would have risen to 297 per cent or 7.2 per cent a year.”
A healthy dividend is also a sign of a healthy company, one that has solid and regular cash flows and a balance sheet that allows it to fund a regular stream of quarterly or annual payments to investors.
You can tap into this category of company by investing in a mutual fund, which will pass on the dividends to you on top of any share price growth.
The amount of income you receive is shown as the “yield", which is calculated by dividing the dividend by the company's share price. So if the dividend is, say, $1 per share, and the share price is $20, the yield is a healthy 5 per cent.
If you invest $20,000, you receive income of $1,000 a year. The trick then is to reinvest this income back into your stock or fund so that it buys extra units, which will then generate more income in a virtuous circle.
Just remember that yields are not guaranteed, and companies can even axe their dividend altogether if they run into trouble. However, you can limit the risk by investing in an actively managed mutual fund, which will invest in a spread of companies across different markets, sectors and countries.
Investment fund charges will eat into your dividend income, so always check the ongoing charges figure (OCF). Charges on actively managed funds have fallen under pressure from low-cost passive rivals exchange traded funds (ETFs) and many have charges totalling less than 1 per cent a year, as measured by the OCF. We have consulted industry experts, who have recommended the following 10 funds to help you tap into dividend power:
Fidelity Global Dividend Fund
Yield: 2.74 per cent
Tom Anderson, senior investment manager at financial advisers Killik & Co, who has clients in Dubai, favours this $1.14 billion fund by asset management house Fidelity International, which invests in a global spread of shares with the aim of producing long-term capital growth.
Around 28 per cent is invested in the US, 19 per cent in the UK, then a spread of international markets including the Netherlands, China, Japan, Switzerland, France and Germany.
Top holdings include Dutch-based information services giant Wolters-Kluwer, oil major Royal Dutch Shell, US Bancorp Delaware, London-based analytics company Relx, Taiwan Semiconductor Manufacturing, Procter & Gamble, Johnson & Johnson and French-based pharmaceutical company Sanofi.
The current yield is relatively low at 2.74 per cent but it compensates with strong capital growth, delivering a total return of 66.3 per cent over five years, according to Trustnet.com.
Mr Anderson says: "While actively managed funds do have higher charges than passive exchange traded funds (ETFs), Fidelity Global Dividend's ongoing charges figure is a modest 0.97 per cent. This has been justified by its superior return.”
Schroder Income Fund
Yield: 3.34 per cent
UK companies pay some of the most generous dividends in the world and Mr Anderson recommends Schroder Income Fund as a good way to tap into this generosity.
The $3bn fund, which also has exposure to the US and Australia, typically holds 30 to 50 stocks with strong cash flows, solid earnings and regular dividend hikes, that appear to have been undervalued by the market.
Top shareholdings include oil giant BP, global bank HSBC, pharmaceutical company GlaxoSmithKline, British Gas owner Centrica, mining stock Anglo American, and insurer Aviva.
The fund has returned 58 per cent over the last five years, and currently yields a steady 3.34 per cent.
Mr Anderson says: “Generous dividends make the UK a popular destination for investors seeking income.”
_______
Read more:
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Finance guru Andrew Hallam’s new guide for expats wanting to become wealthy
Has the good fortune for ETFs run its course?
The return of active has been helped by the pitfalls of passive
________
BlackRock North American Income Trust
Yield: 3.86 per cent
The US stock market has been the place to be in recent years, and this has driven performance at the BlackRock North American Income Trust.
This fund is an investment trust, a mutual fund that is traded on the stock like a company share, and is a relative minnow with just $157 million under management.
Do not let this put you off, it has delivered a total return of 69 per cent over the last five years, and currently yields a healthy 3.86 per cent.
Almost 80 per cent of the fund is invested in US equities, with some exposure to the UK and Europe as well.
Top holdings including JP Morgan Chase, Bank of America, Pfizer, Citigroup, Wells Fargo, Oracle and Microsoft.
Charges are slightly higher at 1.07 per cent a year but Mr Anderson says: “The US equity market makes up over 50 per cent of global indices so it should be part of a diversified portfolio.”
JP Morgan Global Growth and Income Trust
Yield: 3.78 per cent
Finally, Mr Anderson recommends a global income fund that takes an unusual approach.
This $550bn investment trust invests in a portfolio of between 50 and 90 “growth” stocks that may not even pay a dividend at all, then funds its dividend out of this capital growth, with the aim of maintaining a yield of around 4 per cent a year.
Currently, it yields 3.78 per cent and has delivered a total return of a whopping 99 per cent over five years. Charges are low as well, the OCF is just 0.57 per cent, almost as low as many ETFs.
Top holdings include Google owner Alphabet, Microsoft, insurer Prudential, Union Pacific Railroad, Citigroup and Visa.
Fidelity Enhanced Income W (Inc)
Yield: 6.29 per cent
Russ Mould, investment director at wealth advisers AJ Bell, recommends Fidelity Enhanced Income, which yields a hugely generous 6.29 per cent, but with a twist. “The $484m fund invests in a range of higher-yielding British blue-chips such as global bank HSBC, BP and Royal Dutch Shell, British American Tobacco and pharmaceutical company GlaxoSmithKline.”
The twist is that it also writes call options on a portion of its holdings. "This helps it to generate higher income, although this means sacrificing some capital growth. As such, it suits investors seeking the highest possible income,” says Mr Mould.
Total return over five years is 25 per cent, with an OCF of 0.95 per cent.
JP Morgan Multi-Asset Income C (Inc)
Yield: 3.69 per cent
As well as using dividend stocks to generate income, you can also invest in government bonds and corporate bonds.
JP Morgan Multi-Asset Income gives you a combination of the two, investing in a range of income-generating securities, including stocks and shares, but also fixed and variable interest rate bonds, high-yield bonds, convertible bonds and even some sub-investment grade bonds, know as “junk” bonds.
Mr Mould says: “Around 60 per cent of the portfolio is currently allocated to corporate bonds and income-seekers may be intrigued by the fact that dividends are paid monthly.”
Bonds typically generate lower capital growth than stocks and shares so the total return is only 25 per cent over five years, but with lower risk than a pure equity fund. The yield is 3.69 per cent and the OCF is 0.80 per cent.
_______
Read more:
Will higher US interest rates and the stronger dollar destroy the stock market?
The cheapest stock markets to invest in around the world
Get rich and retire early by investing like Warren Buffett
Dividends - the trillion dollar reason to stay invested in volatile times
________
Jupiter Asian Income
Yield: 4 per cent
The Western world is not the only place to find income generating stocks, Asia is rapidly quickly catching up. “Many investors still overlook Asia but it boasts a growing pool of companies with good yields and a fine track record of paying dividends,” Mr Mould says.
The $765m fund has delivered a total return of 60 per cent over the past five years, and currently yields 4 per cent. Ongoing charges total 0.98 per cent.
Mr Mould adds: “Jupiter Asian Income targets high-quality companies that are capable of consistently increasing their dividends over time.”
Unicorn UK Income B (Inc)
Yield: 3.9 per cent
Mr Mould says the best dividend stocks look to consistently increase their income payouts year after year, and this fund tracks them down.
Unusually, it targets small and medium-sized companies rather than blue chips, and has delivered a total return of 55 per cent over the past five years and a current yield of 3.9 per cent. Ongoing charges total 0.80 per cent.
Invesco Perpetual Global Equity Income
Yield: 3 per cent
Tom Stevenson, investment director at global asset manager Fidelity International, recommends Invesco Perpetual Global Equity Income, which invests in a balanced spread of global equities with 30 per cent exposure to the US, 22 per cent in the UK, then other companies including France, Switzerland, Germany, Holland, Japan and Canada.
Top holdings include oil giants Chevron, Total, Royal Dutch Shell and BP, and JPMorgan Chase, Orange, Pfizer and Nasdaq.
The $1.2bn fund yields 3 per cent and ongoing charges costs 0.92 per cent. Mr Stevenson says: “It offers a diversified source of income that’s hard to find in today’s low-interest-rate world."
Jupiter Strategic Bond
Yield: 3.5 per cent
This $5bn behemoth invests in a spread of Government fixed-interest bonds and corporate bonds.
Just over half the fund is invested in global corporate bonds issued by individual companies, with 38 per cent in government bonds, particularly US Treasuries.
Mr Stevenson tips this for investors looking for a steady income with a degree of capital protection. "This flexible fixed income fund could help smooth over what could be a bumpier ride for stock markets this year."
It currently yields 3.5 per cent, and has delivered a total return of income and capital growth of 22 per cent over five years. The OCF is 0.73 per cent.
UAE squad
Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)
Russia's Muslim Heartlands
Dominic Rubin, Oxford
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
More coverage from the Future Forum
UAE currency: the story behind the money in your pockets
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
More from Neighbourhood Watch:
The%20specs
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Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Company profile
Date started: January, 2014
Founders: Mike Dawson, Varuna Singh, and Benita Rowe
Based: Dubai
Sector: Education technology
Size: Five employees
Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.
Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
RESULTS
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
UAE currency: the story behind the money in your pockets
SPECS
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Getting%20there%20and%20where%20to%20stay
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Killing of Qassem Suleimani
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
BLACKBERRY
%3Cp%3EDirector%3A%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Jay%20Baruchel%2C%20Glenn%20Howerton%2C%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A