IBCP

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

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

Long Live Apple and Large Cap Growth!

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Image: Since the release of the book Value Trap in December 2018, an ETF that tracks large cap growth (SCHG) has outperformed not only the S&P 500 (SPY), but also the areas of dividend growth (SDY) and small cap value (IWN) by sizable margins. By Brian Nelson, CFA We explained in part why we don’t like the dividends of banking firms in this note here, and we’re starting to see dividend cuts in the regional banking space, with PacWest Bancorp (PACW) as the latest banking entity to slash its quarterly payout. Right now, executives in the regional bank arena seem to be like deer caught in headlights, and we’re even seeing banking deals fall apart. The proposed deal between Toronto-Dominion … Read more

Quick Take: Fed Raises 25 Basis Points; This Banking Crisis Is Far from Over

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Image: FOMC Chairman Powell answers a reporter’s question at the March 20, 2019 press conference. By Brian Nelson, CFA On March 22, 2023, the Federal Reserve raised its benchmark rate 25 basis points, to the range of 4.75%-5%, a move that we think reflects a government agency that is now more or less a deer caught in headlights–given the nascent regional banking crisis in the United States. The bottom line is that the U.S. banking system does not have enough cash on hand to redeem all deposits (it never has), and with respect to U.S. banks, deposit insurance is only up to $250,000 per depositor, per FDIC-insured bank, per ownership category. The U.S. public has grown concerned, and that may … 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 26

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Below we provide a list of firms that raised/lowered their dividends during the week ending January 26. 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 3M (MMM): now $1.36 per share quarterly dividend, was $1.17. AGCO (AGCO): now $0.15 per share quarterly dividend, was $0.14. Air Products and Chemicals (APD): now $1.10 per share quarterly dividend, was $0.95. Alaska Air (ALK): now $0.32 per share quarterly dividend, was $0.30. ALLETE (ALE): now $0.56 per share quarterly dividend, was $0.535. Alliance Data Systems (ADS): now $0.57 per share quarterly dividend, was $0.52. … Read more

Dividend Increases/Decreases for the Week Ending October 30

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 30. 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 AFLAC (AFL): now $0.41 per share quarterly dividend, was $0.39. Aptar Group, Inc. (ATR): now $0.30 per share quarterly dividend, was $0.28. Arc Logistics Partners (ARCX): now $0.44 per share quarterly dividend, was $0.425. Central Pacific Financial (CPF): now $0.14 per share quarterly dividend, was 0.12. Colombia Sportswear Company (COLM): now $0.17 per share quarterly dividend, was $0.15. CorEnergy (CORR): now $0.15 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week Ending October 28

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 28. 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 Abaxis (ABAX): now $0.14 per share quarterly dividend, was $0.12. AbbVie (ABBV): now $0.64 per share quarterly dividend, was $0.57. AFLAC (AFL): now $0.43 per share quarterly dividend, was $0.41. Alexander & Baldwin (ALEX): now $0.07 per share quarterly dividend, was $0.06. Alon USA Partners (ALDW): now $0.15 per share quarterly dividend, was $0.14. American Electric Power (AEP): now $0.59 per share quarterly dividend, was $0.56. … Read more

Dividend Increases/Decreases for the Week Ending October 27

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 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 1st Constitution Bancorp (FCCY): now $0.06 per share quarterly dividend, was $0.05. Abaxis (ABAX): now $0.16 per share quarterly dividend, was $0.14. AbbVie (ABBV): now $0.71 per share quarterly dividend, was $0.64. AFLAC (AFL): now $0.45 per share quarterly dividend, was $0.43. Agnico Eagle (AEM): now $0.11 per share quarterly dividend, was $0.10. Alliance Holdings (AHGP): now $0.735 per share quarterly dividend, was $0.73. Alliance Resource … Read more