KMB

Nelson: The 16 Most Important Steps To Understand The Stock Market

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A previous version of this article appeared on our website July 21, 2013. Refreshed and updated throughout, as of July 2018. By Brian Nelson, CFA After earning my MBA at the University of Chicago Booth School of Business and training stock and credit analysts from large organizations over the past decade or so, I have heard just about every question (though I admit I am still surprised by many things and remain a very humble student of the markets). I’ve also spent years perfecting the discounted cash flow process for large research organizations such as Morningstar and studied under one of the most famed aggressive growth investors of all time, Richard Driehaus. My knowledge runs the gamut from value through … Read more

Dividend Increases/Decreases for the Week Ending February 12

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Below we provide a list of firms that raised/lowered their dividends during the week ending February 12. 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 AGL Resources, Inc. (GAS): now $0.53 per share quarterly dividend, was $0.51. Allstate (ALL): now $0.33 per share quarterly dividend, was $0.30. American International Group (AIG): now $0.32 per share quarterly dividend, was $0.28. Aubum National Bancorporation (AUBN): now $0.225 per share quarterly dividend, was $0.22. Bank of Botetourt (BORT): now $0.12 per share quarterly dividend, was $0.10. Canadian General Investments, Limited (CGRIF): now C$0.16 per … Read more

Top Research and Ideas You May Have Missed

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Is Quant Value Giving Intrinsic Value Investors a Bad Name? Surely, you don’t believe Warren Buffett’s “style” is out of favor? By Brian Nelson, CFA I need to make sure that you’re aware of something very important. The media and perhaps many investment professionals define the concept of “value” as companies with low price-to-book (P/B) ratios, and the concept of “growth” as companies with high price-to-book ratios. This definition of “value” and “growth” and their corresponding returns have been magnified in writings throughout the media and across quantitative research, even in prestigious journals. Warren Buffett has been rallying against most quantitative applications and how “growth” and “value” are defined in popular media and quantitative research for decades.  Here’s one of the Oracle’s most … Read more

Dividend Increases/Decreases for the Week Ending February 28

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Below we provide a list of firms that raised their dividends during the week ending February 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 Albemarle (ALB): now $0.385 per share quarterly dividend, was $0.3675. Allison Transmission Holdings (ALSN): now $0.17 per share quarterly dividend, was $0.15. Anheuser-Busch Inbev (BUD): now EUR 1.00 per share semi-annual dividend, was EUR 0.80. Assured Guaranty (AGO): now $0.20 per share quarterly dividend, was $0.18. Barings BDC (BBDC): now $0.16 per share quarterly dividend, was $0.15. Best Buy (BBY): now $0.55 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week January 28

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Below we provide a list of firms that raised their dividends during the week ending January 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 Accord Financial (ACCFF): now CAD 0.075 per share quarterly dividend, was CAD 0.050. Alliance Resource Partners (ARLP): now $0.25 per share quarterly dividend, was $0.20. Anthem (ANTM): now $1.28 per share quarterly dividend, was $1.13. Applied Industrial Technologies (AIT): now $0.34 per share quarterly dividend, was $0.33. Archer-Daniels-Midland (ADM): now $0.40 per share quarterly dividend, was $0.37. Arrow Financial (AROW): now $0.27 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week of January 26

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Below we provide a list of firms that raised 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                          Acerinox, S.A. (ANIOY): now $0.1219 per share semi-annual dividend, was $0.1159. Acuity Brands (AYI): now $0.15 per share quarterly dividend, was $0.13. ADT (ADT): now $0.055 per share quarterly dividend, was $0.035. Air Products and Chemicals (APD): now $1.77 per share quarterly dividend, was $1.75. ALLETE (ALE): now $0.705 per share quarterly dividend, was $0.6775. American Express (AXP): now $0.70 per share quarterly dividend, … Read more

Excited By COVID-19 Vaccine Candidates

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Image Shown: The race is on to find a cure, or better yet a vaccine, for COVID-19. Image Source: Pfizer Inc – First Quarter 2020 Earnings IR Presentation Key Takeaways The race for a COVID-19 cure and vaccine is rapidly evolving with a lot of exciting press releases being put forth. Gilead has taken the lead with a viable treatment, Sorrento is working toward a cure, and it seems most all of big pharma and biotech is racing to find a vaccine, from Johnson & Johnson to Sanofi/GSK and beyond. Though the evaluation of the full data set from a Phase 2 clinical trial means a lot more than the evaluation of a limited set of data from a Phase … Read more

2,350-2,750 on the S&P? Could the Coronavirus Catalyze a Financial Crisis?

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Image: We think a rather modest sell-off in the market to the target range of 2,350-2,750 on the S&P 500 is rather reasonable in the wake of one of the biggest economic shocks since the Global Financial Crisis. The chart above shows how far markets have advanced since 2011, and an adjustment lower to the target range of 2,350-2,750 is rather modest in such a context and would only bring markets to late 2018 levels (note red box as the target range). The range reflects ~16x S&P 500 12-month forward earnings estimates, as of February 14, adjusted down 10% due to COVID-19. When companies like Visa talk about a couple percentage points taken off of growth rates, one knows that … Read more

Dividend Increases/Decreases for the Week April 29

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Below we provide a list of firms that raised their dividends during the week ending April 29. 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      Adecoagro (AGRO): now $0.1571 per share semi-annual dividend. AGCO (AGCO): now $0.24 per share quarterly dividend, was $0.20. Alexander & Baldwin (ALEX): now $0.20 per share quarterly dividend, was $0.19. Alliance Resource Partners (ARLP): now $0.35 per share quarterly dividend, was $0.25. Altra Industrial Motion (AIMC): now $0.09 per share quarterly dividend, was $0.08. American Water Works (AWK): now $0.655 per share quarterly dividend, was $0.603. … Read more

Great Year for (Our) High Yield Dividend Ideas! Inquire about the High Yield Dividend Newsletter!

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“When I highlighted my concerns about MLPs years ago, we were doubted, but we ended up being right. When we warned about the value factor, we were told the quants had solved the market, but we ended up being right, with the quant factor having its worst year in 2020 in history. We called the COVID-19 crash and highlighted opportunities for dollar cost averaging near the March 2020 bottom. We were bullish on the huge upswing in 2021, and we avoided the worst areas of 2022 to the point where our publishing suite is doing fantastic this year, if not “outperforming.” When I highlighted the second edition of the book Value Trap, our team released a press release warning about the 60/40 … Read more