Member Articles

Dividend Increases/Decreases for the Week Ending February 22

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Below we provide a list of firms that raised their dividends during the week ending February 22. 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 Alamos Gold (AGI): now $0.01 per share quarterly dividend, was $0.005 (adjusted for semi-annual). Analog Devices (ADI): now $0.54 per share quarterly dividend, was $0.48. Apollo Global Management (APO): now $0.56 per share quarterly dividend, was $0.46. Ares Commercial Real Estate (ACRE): now $0.33 per share quarterly dividend, was $0.31. Argo Group International Holdings (ARGO): now $0.31 per share quarterly dividend, was $0.27. Armada Hoffler Properties … Read more

Valuentum’s June Best Ideas Newsletter

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Image: Page 49, June edition of American Library Association Booklist.   By Brian Nelson, CFA — Welcome new members!   Roughly 90% of active management is underperforming their benchmarks, after fees, over the trailing 15-year period ending 2018. It’s a sad story out there. Most active investors are performing backward-looking analysis, others are using short-cut multiple analysis to make decisions; still, others may be continuing down the path of thinking that may have gotten active management in trouble in the first place: theoretical quantitative finance.   The bedrock of finance, for example, the Capital Asset Pricing Model (CAPM) and its beta have been shown to explain little about stock market returns, yet it is still in finance textbooks and still on key … Read more

Dividend Increases/Decreases for the Week Ending July 5

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Below we provide a list of firms that raised their dividends during the week ending July 5. 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 $0.24 per share quarterly dividend, was $0.23. BlackRock Enhanced Equity Dividend Trust (BDJ): now $0.0500 per share monthly dividend, was $0.0467. BlackRock Floating Rate Income Trust (BGT): now $0.0668 per share monthly dividend, was $0.0618. BP Prudhoe Bay Royalty Trust (BPT): now $0.5535426 per share quarterly dividend, was $0.3449262. Cardinal Energy (CRLFF): now CAD 0.015 per share monthly dividend, was CAD 0.01. … Read more

Dividend Increases/Decreases for the Week Ending December 6

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Below we provide a list of firms that raised their dividends during the week ending December 6. 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 Agree Realty (ADC): now $0.585 per share quarterly dividend, was $0.57. Alexandria Real Estate Equities (ARE): now $1.03 per share quarterly dividend, was $1.00. Bank of Montreal (BMO): now CAD 1.06 per share quarterly dividend, was CAD 1.03. Bristol-Myers Squibb (BMY): now $0.45 per share quarterly dividend, was $0.41. Buckle (BKE): now $0.30 per share quarterly dividend, was $0.25. C.H. Robinson Worldwide (CHRW): now $0.51 per … Read more

ALERT: Facebook at All-Time Closing Highs

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“I’m completely baffled by Facebook’s pricing action, and I still think this one will again return to new highs.” — Nelson, December 20, 2018, with shares trading at ~$130 each. Shares of Facebook registered an all-time closing high of $218.30 per share January 9, 2020. By Brian Nelson, CFA We lost so much business at Valuentum because of our call on Facebook. Let’s talk about it. Facebook (FB) has been one of our best calls since it was added as an idea to the Best Ideas Newsletter portfolio. Facebook was first added to the Best Ideas Newsletter portfolio in late January 2016, and on a price-basis, it has more than doubled since then, outerperforming the S&P (SPY) by about 40 percentage points. … Read more

Dividend Increases/Decreases for the Week November 6

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Below we provide a list of firms that raised their dividends during the week ending November 6. 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 Aaron’s (AAN): now $0.045 per share quarterly dividend, was $0.040. Amcor (AMCR): now $0.1175 per share quarterly dividend, was $0.1150. AmerisourceBergen (ABC): now $0.44 per share quarterly dividend, was $0.42. Apartment Investment (AIV): now $8.20 per share special dividend, was $0.41. Banco Santander (Brasil) S.A. (BSBR): now $0.04 per share dividend, was $0.034. Barrick Gold (GOLD): now $0.09 per share quarterly dividend, was $0.08. BG Staffing … Read more

Energy Sector In Shambles, Looks to Recover But Headwinds Persist

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Image Source: ConocoPhillips – November 2019 Analyst and Investor Meeting IR Presentation Executive Summary: Though raw energy resource pricing is on the rebound, the outlook for the oil and gas industry remains stressed. Global demand for oil and related refined petroleum products remains subdued due to headwinds generated by the ongoing coronavirus (‘COVID-19’) pandemic. The OPEC+ oil cartel has responded by pledging to keep a significant amount of oil output off the market for an extended time. However, raw energy resource prices need to go much higher and be sustained at elevated levels before the space could become attractive from a longer-term perspective. In our view, the US upstream industry (specifically those in the shale patch) need WTI to move … Read more

Earnings Roundup: Chipotle, PayPal, Qualcomm

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Image Shown: PayPal Holdings Inc, a top-weighted idea in our Best Ideas Newsletter portfolio, continued to grow at a brisk pace during the final quarter of 2020. Image Source: PayPal Holdings Inc – Fourth Quarter of 2020 IR Earnings Presentation By Callum Turcan In alphabetical order by ticker: CMG, PYPL, QCOM Several of the newsletter portfolio ideas recently reported earnings, and we are quite pleased with the performance that our favorite ideas have put up so far this earnings season (more on that here). Though the ongoing coronavirus (‘COVID-19’) pandemic created significant headwinds for the three companies we cover in this article, each firm remained incredibly free cash flow positive, highlighting the resilience of their business models. Looking ahead, the … Read more

Our Thoughts on Berkshire Hathaway’s Latest Annual Report

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Image Shown: Shares of Berkshire Hathaway Inc Class B stock have been on an upward climb since June 2020 with room for additional capital appreciation upside. The top end of our fair value estimate range for BRK.B sits at $275 per share. By Callum Turcan We include Berkshire Hathaway Inc (BRK.A) (BRK.B) Class B shares in the Best Ideas Newsletter portfolio and continue to be enormous fans of Warren Buffett. Berkshire Hathaway reported fourth quarter 2020 earnings on February 27 which saw the firm’s ‘operating earnings’ (a non-GAAP metric that better reflects Berkshire’s underlying financial performance) surge higher by 14% year-over-year aided by strength at its ‘railroad, utilities and energy’ and ‘other businesses’ operating segments. However, Berkshire’s operating earnings for … Read more