Dividend Increases/Decreases for the Week April 9
April 9, 2021
Below we provide a list of firms that raised their dividends during the week ending April 9. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week American Tower (AMT): now $1.24 per share quarterly dividend, was $1.21. Caledonia Mining (CMCL): now $0.12 per share quarterly dividend, was $0.11. Constellation Brands (STZ): now $0.76 per share quarterly dividend, was $0.75. Constellation Brands (STZ.B): now $0.69 per share quarterly dividend, was $0.68. Eagle Point Income Company (EIC): now $0.085 per share monthly dividend, was $0.08. Ellington Financial (EFC): now $0.14 per share monthly dividend,
Dividend Increases/Decreases for the Week April 2
April 2, 2021
Below we provide a list of firms that raised their dividends during the week ending April 2. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Bank OZK (OZK): now $0.28 per share quarterly dividend, was $0.2775. Camden National (CAC): now $0.36 per share quarterly dividend, was $0.33. China Gold International Resources (JINFF): now $0.12 per share special dividend. China Petroleum & Chemical (SNP): now RMB 0.13 per share final dividend, was RMB 0.07. Dollarama (DLMAF): now CAD 0.0503 per share quarterly dividend, was CAD 0.0470. Eagle Bancorp (EGBN): now $0.25 per
Members Only: The April Edition of the Dividend Growth Newsletter Is Now Available
April 2, 2021
Please select the image below to download the April edition of the newsletter or select here (pdf).
Why You Need to Hire an Active Stock Manager and Ditch Modern Portfolio Theory
March 31, 2021
Image: Why You Need to Hire an Active Stock Manager and Ditch Modern Portfolio Theory. An Approximate Hypothetical representation of an active manager that charges a 2% active management fee that mirrors the S&P 500 benchmark versus an advisor that charges a 1% advisor fee that applies a 60/40 stock/bond rebalancing from 1990-2021. Approximate Hypothetical returns are based on the following extrapolation: “Since inception in November 9, 1992, returns after taxes on distributions and sales of fund shares for the [Vanguard Balanced Index Fund Investor Shares] VBINX came in at 6.5% through June 30, 2020, while the same measure since inception in January 22, 1993, for the S&P 500, as measured by the S&P 500 ETF Trust (SPY), came in
Nothing May Derail the U.S. Economy In the Long Run
March 29, 2021
Image Source: Federal Reserve Bank of St. Louis. U.S. gross domestic product is back on the upswing, and we fully expect the U.S. economy to recover, and then continue its expansion in coming years. U.S. GDP, January 1947 through October 2020. Warren Buffett may have said it best in Berkshire Hathaway’s 2020 Annual Report: “Never bet against America.” By Brian Nelson, CFA The long-term U.S. gross domestic product (GDP) chart provides a good lesson in perspective. For one, look at how resilient the U.S. economy has been during the post-World War II era. Remember our “Stay Optimistic. Stay Bullish. I Am” article we wrote in mid-May 2020 and then republished again in early June 2020? The S&P 500 was trading below 2,900
General Mills Prepares for Cost Inflation, Pet Business Growing Rapidly
March 26, 2021
Image Source: General Mills Inc – Third Quarter of Fiscal 2021 IR Earnings Presentation By Callum Turcan On March 24, General Mills Inc (GIS) posted third quarter earnings for fiscal 2021 (period ended February 28, 2021) that beat consensus top- and bottom-line estimates on a GAAP basis, though its adjusted non-GAAP bottom-line performance missed consensus estimates. General Mills has seen demand surge higher for its products in the wake of the coronavirus (‘COVID-19’) pandemic as households stockpiled goods and started eating at home more often. The company posted a solid fiscal third quarter earnings report, though its outlook is facing headwinds as General Mills is contending with cost inflation concerns. Shares of GIS yield ~3.4% and are trading just above
Dividend Increases/Decreases for the Week March 26
March 26, 2021
Below we provide a list of firms that raised their dividends during the week ending March 26. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Aerojet Rocketdyne (AJRD): now $5.00 per share special dividend. AG Mortgage Investment Trust (MITT): now $0.06 per share quarterly dividend, was $0.03. British American Tobacco (BTI): now GBP 0.539 per share quarterly dividend, was GBP 0.526. BRP (DOOO): now $0.13 per share quarterly dividend, was $0.11. Buckle (BKE): now $0.33 per share quarterly dividend, was $0.30. Citizens Financial Services (CZFS): now $0.465 per share quarterly dividend,
Why You MUST Stay Active in Investing
March 25, 2021
I don’t care what kind of indexing propaganda you show me. I’m never playing Russian roulette with my money. I want to know the cash-based intrinsic values of the companies in my portfolio, and that’s something worth paying for, regardless of the performance of active versus passive. I care more about what could have happened as a measure of risk than any measure of actual standard deviation. That’s why active management is so valuable. It should help you sleep at night. By Brian Nelson, CFA Staying active has tremendous long term health benefits including reducing the risk of cardiovascular disease, cancer and diabetes. We all know this. Sure, we can stay passive on the couch with a bag of chips
Valuentum Wins Bronze at 2021 Axiom Business Book Awards
March 24, 2021
Valuentum Wins Bronze at 2021 Axiom Business Book Awards Value Trap‘s thought-provoking cry for financial stability wins it a bronze medal at the 14th Annual Axiom Awards. To read the press release >> WOODSTOCK, Ill., March 24, 2021 /PRNewswire/ — The second edition of the business book Value Trap: Theory of Universal Valuation has been awarded the bronze medal in the category of Personal Finance/Retirement Planning/Investing at the 2021 Axiom Business Book Awards, presented by Jenkins Group. Less than 20% of this year’s entries won an award, and medals went to a mix of the established Big 5 publishers, prestigious university presses, and independent publishers. Previous Axiom Business Book Award medalists include Nobel laureate Robert Shiller, former U.S. Secretary of State Condoleezza Rice, and world-renowned historian and
Two Railroad Operators to Join Forces, Creating the First Fully Integrated Canada-US-Mexico Railroad Network
March 24, 2021
Image Source: Canadian Pacific Railway Ltd, Kansas City Southern – March 2021 Acquisition Presentation By Callum Turcan On March 21, Canadian Pacific Railway Ltd (CP) announced it was acquiring Kansas City Southern (KSU) through a cash-and-stock deal worth ~$29.0 billion by enterprise value (factoring in assumed debt). The combination will create the first fully integrated Canada-US-Mexico railroad operator with ~$780 million in annualized synergies expected within three years of the deal closing. Once this two-part transaction is complete, the new entity will have a US Class 1 railroad network that spans ~20,000 miles with ~20,000 employees supporting its operations. The pro forma company will be renamed Canadian Pacific Kansas City (‘CPKC’). According to the acquisition press release: Calgary will be
