BFS

How Some Members Use Valuentum’s Investment Services

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By Brian Nelson, CFA Thank you for your membership to Valuentum. We serve a wide variety of investors, including dividend growth investors, value investors, and pure Valuentum investors, among others. Many different types of investors and professionals use our research and financial analysis in a whole host of applications from individual stock-selection to the evaluation of closed-end funds to an overlay in a money-management setting and beyond. We wanted to make sure that you know that, if you’re a dividend growth or income investor, that there are others that use our website to utilize the Valuentum process, fair value estimates and other metrics. Similarly, if you’re a practitioner of the Valuentum system, I wanted to make sure that you are … Read more

Dividend Increases/Decreases for the Week of June 24

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Below we provide a list of firms that raised their dividends during the week ending June 24. 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      AMEN Properties (AMEN): now $10.00 per share quarterly dividend, was $7.50. Conifex Timber (CFXTF): now CAD 0.20 per share special dividend. Darden Restaurants (DRI): now $1.21 per share quarterly dividend, was $1.10. First Farmers Financial (FFMR): now $0.42 per share quarterly dividend, was $0.40. Healthcare Trust 7.125% PFD SER B (HTIBP): now $0.4453 per share quarterly dividend, was $0.4206. Horizon Bancorp (HBNC): now $0.16 per share … Read more

Dividend Increases/Decreases for the Week June 25

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Below we provide a list of firms that raised their dividends during the week ending June 25. 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 Alico (ALCO): now $0.50 per share quarterly dividend, was $0.18. Bancolombia S.A. (CIB): now $0.072 per share quarterly dividend, was $0.064. Darden Restaurants (DRI): now $1.10 per share quarterly dividend, was $0.88. Empire (EMLAF): now CAD 0.15 per share quarterly dividend, was CAD 0.13. Fifth Street Asset Management (FSAM): now $0.014665 per share final dividend, was $0.0145. First Bancorp (FNLC): now $0.32 per share quarterly dividend, … Read more

ICYMI: Valuentum’s Brian Nelson on the Latest Howard Marks’ Memo: “Something of Value”

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Valuentum’s President of Investment Research Brian Michael Nelson, CFA, explains why there are not really value and growth stocks, why most of the research in quantitative finance is spurious and needs to be redefined on a forward-looking basis, and why enterprise valuation (not the efficient markets hypothesis) should be the organizing principle of finance. Nelson explains his views about valuation, what it means to be a value investor, and investing in the context of Oaktree Capital Howard Marks’ latest memo, “Something of Value,” January 11, 2021. Please don’t forget to give the second edition of the book “Value Trap” a 5-star rating on Amazon here. Thank you for your membership! —– Tickerized for holdings in the IWM. Valuentum members have … Read more

Value Is Not Static and the Qualitative Overlay Is Vital to Our Process

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With prudence and care, the Valuentum Buying Index process and its components are carried out. Our analyst team spends most of its time thinking about the intrinsic value of companies within the context of a discounted cash-flow model and evaluating the risk profile of a company’s revenue model. We have checks and balances, too. First, we use a fair value range in our valuation approach as we embrace the very important concept that value is a range and not a point estimate. A relative value overlay as the second pillar helps to add conviction in the discounted cash-flow process, while a technical and momentum overlay seeks to provide confirmation in all of the valuation work. There’s a lot happening behind the scenes even before a VBI rating is published, but it will always be just one factor to consider. Within any process, of course, we value the human, qualitative overlay, which captures a wealth of experience and common sense. We strive to surface our best ideas for members.

Dividend Increases/Decreases for the Week Ending January 18

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Below we provide a list of firms that raised their dividends during the week ending January 18. 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 Alliant Energy (LNT): now $0.355 per share quarterly dividend, was $0.335. Ally Financial (ALLY): now $0.17 per share quarterly dividend, was $0.15. Antero Midstream GP (AMGP): now $0.164 per share quarterly dividend, was $0.144. Antero Midstream Partners (AM): now $0.47 per share quarterly dividend, was $0.44. Apogee (APOG): now $0.175 per share quarterly dividend, was $0.1575. BlackRock (BLK): now $3.30 per share quarterly dividend, was $3.13. … Read more

Podcast: REITs, Interest Rates and Beyond!

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The Valuentum analyst team talks REITs and the reasons why REIT investors should pay close attention to changes in Treasury rates. Various secular themes across the data center, healthcare, office, and mall REITs are discussed, and an explanation for the sector’s systematically poor raw, unadjusted Dividend Cushion ratios is covered. ~8 mins. Tickerized for various ETFs and the holdings in the VNQ. Brian Nelson, CFA: In September, REITs were officially broken out from the financial sector to their own sector of the S&P 500 — some 30 or so stocks with $600 billion in market capitalization, or about 3% of the S&P 500. Could this change have marked a peak in performance for equity and mortgage REIT stocks? Are investors … Read more

Dividend Increases/Decreases for the Week Ending March 4

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Image: Gulfstream, a General Dynamics company, makes some of the most technologically-advanced business jet aircraft, Charley W. Karl Below we provide a list of firms that raised/lowered their dividends during the week ending March 4. 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 of Nova Scotia (BNS): now C$0.72 per share quarterly dividend, was C$0.70. Big Lots (BIG): now $0.21 per share quarterly dividend, was $0.19. Broadcom (AVGO): now $0.49 per share quarterly dividend, was $0.44. Chatham Lodging Trust (CLDT): now $0.11 per share monthly dividend, was $0.10. Citizen Community Bancorp … Read more

Dividend Increases/Decreases for the Week Ending December 9

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Below we provide a list of firms that raised/lowered their dividends during the week ending December 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 Abbot Laboratories (ABT): now $0.265 per share quarterly dividend, was $0.26. Agree Realty Corporation (ADC): now $0.495 per share quarterly dividend, was $0.48. Air Lease (AL): now $0.075 per share quarterly dividend, was $0.05. Alexandria Real Estate Equities (ARE): now $0.83 per share quarterly dividend, was $0.80. Allied Properties Real Estate Investment Trust (APYRE): now C$0.1275 per share monthly dividend, was C$0.125. American Assets Trust (AAT): … Read more