Member Articles

Dividend Increases/Decreases for the Week Ending October 26

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Firms Raising Their Dividends This Week Access National (ANCX): now $0.17 per share quarterly dividend, was $0.16. Alliance Resource Partners (ARLP): now $0.525 per share quarterly dividend, was $0.52. American Electric Power (AEP): now $0.67 per share quarterly dividend, was $0.62. Apollo Senior Floating Rate Fund (AFT): now $0.10 per share monthly dividend, was $0.10. Bank of Hawaii (BOH): now $0.62 per share quarterly dividend, was $0.60. Bank of Marin Bancorp (BMRC): now $0.35 per share quarterly dividend, was $0.32. Brookline Bancorp (BRKL): now $0.105 per share quarterly dividend, was $0.10. Cabot Oil & Gas (COG): now $0.07 per share quarterly dividend, was $0.06. Cheniere Energy Partners (CQP): now $0.58 per share quarterly dividend, was $0.56. Coca-Cola European (CCE): now … Read more

Economic Roundtable: Quant Quake, Quac-cidental Correlation

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Image Source: Anders Sandberg.  Last week, the markets may have revealed that internals aren’t all that healthy. Major equity markets experienced a “rotation” that reminded many investors of the “quant quake” from August 2007. As Valuentum’s Brian Nelson wrote in Value Trap, “just a few bad days in the market caused a rapid unwinding of many quant long-short strategies (back then). Goldman’s chief financial officer said at the time that the firm was witnessing ‘25-standard deviation moves, several days in a row.’” On the surface, markets last week seemed relatively calm, but as the episode in 2007 revealed the activity last week may just be the calm before the storm. Many are pointing to overcrowded trades in betting against certain … Read more

Dividend Increases/Decreases for the Week Ending January 31

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Below we provide a list of firms that raised their dividends during the week ending January 31. 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 1st Constitution Bancorp (FCCY): now $0.09 per share quarterly dividend, was $0.075. Alaska Air (ALK): now $0.375 per share quarterly dividend, was $0.350. ALLETE (ALE): now $0.6175 per share quarterly dividend, was $0.5875. AmerisourceBergen (ABC): now $0.42 per share quarterly dividend, was $0.40. Anthem (ANTM): now $0.95 per share quarterly dividend, was $0.80. Apartment Investment (AIV): now $0.41 per share quarterly dividend, was $0.39. Apollo Global … Read more

7 Hidden Dividend Aristocrats in Industrials

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Image notes: The price-to-fair value ratio shows the relationship between the company’s stock price and our discounted cash-flow derived fair value estimate. Price is what you pay for the stock, while value is what you get. Price and fair value seldom equal. The savvy investor seeks to find stocks whose price is far below an informed forward-looking cash-flow-based fair value estimate of their intrinsic value. The Dividend Cushion ratio is a proprietary Valuentum measure that drives our assessment of the company’s Dividend Safety rating. The forward-looking measure assesses dividend coverage via the cash characteristics of the business. The Dividend Cushion is a ratio that sums the existing net cash (total cash less total long-term debt) a company has on hand … Read more