Thomas Moore: stockpicking for yield, dividend & capital growth | Ep.148

In this episode of the Investing, Markets & Money podcast, we sit down with Thomas Moore, manager of the Aberdeen Equity Income Investment Trust, winner of Best Investment Trust for Income at the Online Money Awards 2025. Thomas shares his approach to picking dividend stocks that deliver not only high yield but also dividend growth and long-term capital growth. With the trust currently yielding 6.1% and boasting nearly 25 years of uninterrupted dividend increases, we explore how UK equity investors can find opportunities in a market that still yields just 3.2%. 💡 Key topics we cover: Why dividend income matters in 2025 with high living costs How to find UK dividend stocks yielding 5–10% The balance between income and capital growth Why high-yield stocks can also be growth opportunities Stock picking insights from a seasoned income fund manager 👉 Whether you’re focused on dividend investing, income investing, or just looking for the best UK stocks for long-term returns, this episode is packed with insights. Find out more about Aberdeen Investments here - www.aberdeeninvestments.com #Investing #InvestmentTrusts #Equities #Dividends #InvestingPodcast #Markets #WealthBuilding #FinancialMarkets 📩 Subscribe to our free investing newsletter for more insights: https://www.thearmchairtrader.com/newsletter/ 🎧 Listen to more episodes of the Investing, Markets & Money podcast on Spotify, Apple Podcasts, and all major platforms. Spotify - https://open.spotify.com/show/2vfaIsYhqcRejpjWNqYF6f Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-armchair-trader-podcast/id1454640070 Amazon - https://music.amazon.co.uk/podcasts/68a66097-24d8-403e-a86f-70fab0d2d686/The-Armchair-Trader-Podcast SoundCloud - https://soundcloud.com/armchairtrader/ Follow us: BlueSky - https://bsky.app/profile/thearmchairtrader.com Linkedin - https://www.linkedin.com/company/10429893 Instagram - https://www.instagram.com/armchairtrader Facebook - https://www.facebook.com/TheArmchairTrader 00:00 Intro to the Aberdeen Equity Income Trust 01:33 Balancing income and capital growth 04:09 Focus on UK value stocks 08:13 Criteria for picking new companies 11:18 Inflows and outflows from UK equity markets 13:00 Mergers and acquisitions in the market 14:58 Why do companies do share buybacks? 19:36 What does "index-agnostic" mean? 22:03 What has helped the fund's performance recently? 27:30 The effect of politics on UK stocks? 31:22 Looking at British companies with exposure outside the UK 35:30 Effect of tariffs