North American Income Trust - Next generation dividend hero

After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022, according to its manager, Fran Radano. It has enjoyed a turnaround in relative performance as its value style of investing has come back in favour. Investors seem to have been rotating away from growth stocks on the back of inflation fears. Acknowledging these fears, Fran is confident that the trust can provide an income stream that should outpace US inflation.
Meanwhile, the trust, which has been run in its current form since 2012, achieved ‘next generation dividend hero’ status this year, as it has managed to increase its dividend every year for ten consecutive years. It has also built up sufficient reserves to cover more than a full year’s dividend at current rates.