CALM

Dividend Increases/Decreases for the Week of October 3

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Below we provide a list of firms that raised their dividends during the week ending October 3. 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                          Armanino Foods of Distinction (AMNF): now $0.05 per share quarterly dividend, was $0.04. Autohome (ATHM): now $0.59/ADS dividend, was $0.57. Bank OZK (OZK): now $0.45 per share quarterly dividend, was $0.44. Farmers & Merchants Bancorp (FMAO): now $0.2275 per share quarterly dividend, was $0.2213. Kish Bancorp (KISB): now $0.40 per share quarterly dividend, was $0.39. RPM (RPM): now $0.54 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week of January 10

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Below we provide a list of firms that raised their dividends during the week ending January 10. 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                          Albertsons Companies (ACI): now $0.15 per share quarterly dividend, was $0.12. Alpine Banks of Colorado (ALPIB): now $0.21 per share quarterly dividend, was $0.20. Apogee (APOG): now $0.26 per share quarterly dividend, was $0.25. ATCO (ACO.X:CA): now CAD 0.5045 per share quarterly dividend, was CAD 0.4898. ATCO Ltd. (ACO.Y:CA): now CAD 0.5045 per share quarterly dividend, was CAD 0.4898. Barry Callebaut AG (BRRLY): now … Read more

Dividend Increases/Decreases for the Week of October 4

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Below we provide a list of firms that raised their dividends during the week ending October 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                          Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares (EXTO): now $0.0369 per share quarterly dividend, was $0.0116. Alphamin Resources Corp. (AFM:CA): now CAD 0.06 per share interim dividend, was CAD 0.03. American Financial (AFG): now $0.80 per share quarterly dividend, was $0.71. Arrow Financial (AROW): now $0.28 per share quarterly dividend, was $0.27. Bank OZK (OZK): now $0.41 per share … Read more

Paper: Value and Momentum Within Stocks, Too

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Please select the image below to download, “Value and Momentum Within Stocks, Too:” Abstract: This paper strives to advance the field of finance in four ways: 1) it extends the theory of the “The Arithmetic of Active Management” to the investor level; 2) it addresses certain data problems of factor-based methods, namely with respect to value and book-to-market ratios, while introducing price-to-fair-value ratios in a factor-based approach; 3) it may lay the foundation for academic literature regarding the Valuentum, the value-timing, and ultra-momentum factors; and 4) it walks through the potential relative outperformance that may be harvested at the intersection of relevant, unique and compensated factors within individual stocks. To download the full report, please click here (pdf). ———- Actual results … Read more

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 January 5

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Below we provide a list of firms that raised their dividends during the week ending January 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                          ABM Industries (ABM): now $0.225 per share quarterly dividend, was $0.22. Alamo (ALG): now $0.26 per share quarterly dividend, was $0.22. Bank OZK (OZK): now $0.38 per share quarterly dividend, was $0.37. Barloworld Limited (BRRAY): now $0.0982 per share semi-annual dividend, was $0.0624. Barry Callebaut AG (BRRLY): now $0.158 per share annual dividend, was $0.145. Biloxi Marsh Land (BLMC): now $0.125 per share annual … Read more

Fed Rate Decision, UAW Strike Continues, Microsoft Ups Payout

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Image Source: Mike Mozart By Brian Nelson, CFA If you’re thinking like us about the ongoing Fed rate-hiking cycle, you’re probably thinking that perhaps we’ll see another rate hike or two down the road, even if the Fed pauses at today’s September 20 meeting. However, whether the Fed pauses from here on out or executes a couple more rate hikes, it really shouldn’t matter much to long-term investors. From where we stand, the conversation about interest rates should now be shifting away from worries about elevated inflation to the future positive prospects that correspond to the work that the Fed has already done. With the market-cap weighted S&P 500 (SPY) just a stone’s throw away from all-time highs, despite aggressive … Read more

Positive Pricing Elasticities Continue to Power Pepsi

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Image: Effective net pricing continues to be strong at Pepsi. Image Source: Pepsi By Brian Nelson, CFA  On July 13, PepsiCo, Inc. (PEP) reported excellent second-quarter 2023 results. The firm’s pricing power continues to impress as the executive team manages modest losses in organic volume with huge effective net pricing increases. For the 12 weeks ended June 17, 2023, organic volume dropped 2.5% while effective net pricing increased a whopping 15% (effective net pricing increased 14% in PepsiCo Beverages North America). Operating income surged more than 75% in the quarter. For the 24 weeks ended June 17, 2023, free cash flow of $506 million was 32% higher than the $383 million mark in the same period a year ago. Pepsi … Read more

Walmart’s ‘Great Value’ Brand and Position Across Retail Never Stronger

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  Image: Walmart’s shares have gotten back on track.  By Brian Nelson, CFA  Grocer Aldi may have been the greatest beneficiary of the past 12-18 months due to consumers trading down from lofty grocery prices, but Walmart (WMT) has kept pace, in our view, as Target (TGT) struggles from a public relations nightmare and membership warehouses like Costco (COST) feel the need to cut down on membership card sharing as comparable store sales weaken. We think Walmart’s ‘Great Value’ brand and position across bargain retail has never been stronger, and its share price reflects a company that is at a sweet spot of consumer demand as rivals continue to struggle. The high end of our fair value estimate range of … Read more

Fed Winning the Fight Against Inflation, Food-at-Home Prices Easing

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Image: CPI-U, not seasonally adjusted. The 12-month percent change in the pace of inflation for all items has fallen from north of 9% in June 2022 to 5% in March 2023. Image Source: BLS By Brian Nelson, CFA The Bureau of Labor Statistics (BLS) released the Consumer Price Index for All Urban Consumers (CPI-U) on April 12, and it showed that the Fed is winning its fight against inflation. The CPI-U rose just 0.1% in March on a seasonally adjusted basis, down 0.3 percentage points from the increase in February. During the past 12 months, the all-items index has advanced 5.0% before any seasonal adjustments, a level that is still higher than the Fed’s long-term target, but not one indicative of … Read more