Income & Dividend
Built for investors drawing an income: companies with a stated payout policy, dividend coverage above two times, and balance sheets that do not require the dividend to be cut in a bad year. Yield is a consequence of the selection, not the objective.
Stock Picks
20–25
Intended horizon
5 years +
Reference index
Nifty Dividend Opps
Four tests a position has to pass.
A stated payout policy the company has honoured through a downturn.
Dividend coverage above two times from operating cash flow, not from borrowings.
Net debt low enough that the payout survives a bad year.
Wider diversification than our other mandates, because income has to be dependable.
High-yield situations where the yield reflects a falling price.
One-off special dividends counted as recurring income.
Businesses paying out because they have nothing left to invest in.
This mandate has no published performance history.
Copernicus Hillview is a young firm. Returns will be reported from each client mandate's own inception date, against the reference index above, once a full financial year is complete.
We will not publish back-tested, model or composite figures in the meantime. What you can examine today is the research: read the published notes and judge the reasoning directly.
Nothing on this page is a recommendation to buy or sell any security, or an assurance of return. Equity investments carry risk of capital loss. Minimums and terms are indicative and confirmed in the advisory agreement.