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Healthy dividend increases

Unlike its AIC North America peers, North American Income Trust (NAIT) combines an income focus with having at least 90% of its assets invested in the US. After more than a year of uncertainty around dividends, things finally seem to be normalising, with some companies even increasing their dividends. Over the past year NAIT’s manager, Fran Radano, has found good value in stocks with slightly lower dividend yields than would previously have been expected for a NAIT holding, but these companies offer greater opportunities for capital appreciation and often-times double digit dividend growth. These are complemented by high yielders with more modest dividend or earnings growth.