“Washington H Soul Pattinson & Co Ltd (SOL) investment portfolio includes a diversified pool of assets ranging from listed equities (both large cap and emerging companies), private equity, property and structured yield,” Raymond said.
“On a 20-year horizon, SOL’s annualised total shareholder return (TSR) is 12.5% vs the All Ords accumulation index of 9%.
“SOL has a 20-year history of increased dividend distributions, with a 20-year compound annual growth rate (CAGR) of c.8%.
“In our view, SOL’s management team continues to deliver both organic and inorganic growth over the long term.
“We continue to like the SOL story, particularly its track record of growing distributions,” Raymond said.
Washington H Soul Pattinson & Co Ltd (SOL)
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.