GPMT

High Yield Dividend Newsletter Portfolio Continues to Deliver!

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Image: The year-to-date simulated performance of the High Yield Dividend Newsletter portfolio, which continues to hold up well during 2022, while offering an attractive forward estimated dividend yield. Data retrieved interim session October 19.   By Brian Nelson, CFA  Valuentum’s newsletter product suite continues to deliver in good times and bad. For those of you interested in high dividend paying stocks, we offer a High Yield Dividend Newsletter and a simulated High Yield Dividend Newsletter portfolio, which has been holding up well amid the weakness across both the stock and bond markets this year.   Based on our calculations, the simulated High Yield Dividend Newsletter portfolio now boasts an estimated forward dividend yield of ~5.44% and is down only approximately 10% on … Read more

Mortgage REITs Have Underperformed Significantly the Past Several Years

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Image: An ETF that tracks the mortgage REIT industry has fallen more than 31% on a price-only basis, while an ETF that tracks the S&P 500 has advanced more than 160% on a price-only basis, as measured from May 2013. By Brian Nelson, CFA Mortgage REITs (REM) are popular vehicles because of their deceptively enticing dividend yields, but we’ve never been bullish on the group. We’re reiterating our take today that these instruments are not for the individual investor or even prudent financial advisor and are more complicated vehicles than many investors believe. In May 2013, we first starting warning about the group, and the performance, as shown in the image above, hasn’t been pretty. On a price-only basis, the … 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 September 21

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Below we provide a list of firms that raised their dividends during the week ending September 21. 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 ALPS Emerging Sector Dividend Dogs ETF (EDOG): now $0.3586 per share quarterly dividend, was $0.2628. ALPS Equal Sector Weight ETF (EQL): now $0.38179 per share quarterly dividend, was $0.35945. ALPS Sector Dividend Dogs ETF (SDOG): now $0.3924 per share quarterly dividend, was $0.3836. Canadian Banc Corp (CNDCF): now CAD 0.1069 per share monthly dividend, was CAD 0.1057. Citizens Financial Services (CZFS): now $0.44 per share quarterly … Read more

Dividend Increases/Decreases for the Week Ending June 22

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Below we provide a list of firms that raised their dividends during the week ending June 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 AG Mortgage Investment Trust (MITT): now $0.50 per share quarterly dividend, was $0.475. ALPS Alerian Energy Infrastructure ETF (ENFR): now $0.19209 per share quarterly dividend, was $0.17445. ALPS Cohen & Steers Global Realty Majors ETF (GRI): now $0.43792 per share quarterly dividend, was $0.2199. ALPS International Sector Dividend Dogs ETF (IDOG): now $0.38588 per share quarterly dividend, was $0.32374. Bank of Commerce (BOCH): now $0.04 per … Read more

Dividend Increases/Decreases for the Week of March 15

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Below we provide a list of firms that raised their dividends during the week ending March 15. 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                          Aboitiz Power Corporation (ABZPY): now $0.5667 per share annual dividend, was $0.4579. Acer (ACEYY): now NT$1.60 per share dividend, was NT$1.50. AG Mortgage Investment Trust (MITT): now $0.18 per share quarterly dividend, was $0.05. Applied Materials (AMAT): now $0.40 per share quarterly dividend, was $0.32. Boston Pizza Royalties Income Fund (BPZZF): now CAD 0.113 per share monthly dividend, was CAD 0.107. Brambles (BXBLY): now … Read more

Dividend Increases/Decreases for the Week Ending March 27

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Below we provide a list of firms that raised their dividends during the week ending March 27. 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 AT&T Inc. 4.750% PFD SER C (T.PC): now $0.2408 per share quarterly dividend. AT&T Inc. 5 DEP RP PFD A (T.PA): now $0.3125 per share quarterly dividend, was $0.1701. Bancolombia (CIB): now $0.751 per share quarterly dividend, was $0.3000. Centerra Gold Inc. (CAGDF): declared CAD 0.04 per share interim dividend, was $0.0285. Future Fuel (FF): declared $3.00 per share special dividend, was $0.06. Healthcare Trust, Inc. … Read more

Stock Market Outlook for 2021

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By Valuentum Analysts February 8, 2021 2020 was one for the history books. We covered our thoughts and reflections on the past year in our “2020 Won’t Soon Be Forgotten” article (link here), and now we are looking towards the future. Global health authorities should be able to bring an end to the ongoing coronavirus (‘COVID-19’) pandemic sooner than many had expected as several vaccines have already been improved for emergency use and several others appear increasingly likely to get approved. Global vaccine distribution activities are currently underway, and this should allow the world to slowly return to pre-pandemic activities. Before then, immense stimulus measures launched primarily in developed nations should support global economic activities until the public health crisis … Read more