OZK

Dividend Increases/Decreases for the Week January 8

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Below we provide a list of firms that raised their dividends during the week ending January 8. 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 Alamo (ALG): now $0.14 per share quarterly dividend, was $0.13. Bank OZK (OZK): now $0.2775 per share quarterly dividend, was $0.2750. Caledonia Mining (CMCL): now $0.11 per share quarterly dividend, was $0.10. CIGNA (CI): now $1.00 per share quarterly dividend, was $0.04. Enterprise Products Partners (EPD): now $0.45 per share quarterly dividend, was $0.445. Fiat Chrysler (FCAU): now EUR 1.84 per share special dividend, was EUR … Read more

Walking Through the Calculation of the Dividend Cushion Ratio

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A cow for her milk, A hen for her eggs, And a stock, by heck, For her dividends. An orchard for fruit, Bees for their honey, And stocks, besides, For their dividends. – John Burr Williams, “The Theory of Investment Value” (1938) Executive Summary: We believe the Dividend Cushion ratio is one of the most helpful tools an income or dividend growth investor can use in conjunction with qualitative dividend analysis. The ratio is one-of-a-kind in that it is both free-cash-flow based, considers balance sheet health, and is forward looking. Since its development in 2012, we estimate its efficacy at ~90% in helping to forewarn readers of impending dividend cuts. For companies where Valuentum reports are available, the Dividend Cushion ratio can be found in a stock’s Dividend … Read more

ICYMI — Dividend Growth Strategies Struggle

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Image: A large cap growth ETF (orange) has significantly outperformed an ETF tied to a dividend growth strategy, the SPDR S&P Dividend ETF (SDY), which mirrors the total return performance of the S&P High Yield Dividend Aristocrats Index. — By Brian Nelson, CFA — To no surprise to many members, several dividend growth strategies have faced tremendous pressure during 2020. The Journal recently wrote a piece on the topic, but from our perspective, the problem with many dividend growth strategies is that they tend to be balance-sheet agnostic and pay little attention to traditional free cash flow expectations, focusing only on the yield itself, sometimes dismissing future fundamentals in favor of historical growth trends and the inferior EPS-based dividend payout ratio. — In many dividend-targeted … Read more

Dividend Increases/Decreases for the Week October 2

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Below we provide a list of firms that raised their dividends during the week ending October 2. 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 American Financial (AFG): now $0.50 per share quarterly dividend, was $0.45. Bank OZK (OZK): now $0.275 per share quarterly dividend, was $0.273. Boise Cascade (BCC): now $1.60 per share supplemental dividend, was $0.10. Caledonia Mining (CMCL): now $0.10 per share quarterly dividend, was $0.085. Conagra Brands (CAG): now $0.275 per share quarterly dividend, was $0.212. Glacier Bancorp (GBCI): now $0.30 per share quarterly dividend, was $0.29. … Read more

Dividend Increases/Decreases for the Week Ending January 3

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Below we provide a list of firms that raised their dividends during the week ending January 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 Alamo (ALG): now $0.13 per share quarterly dividend, was $0.12. Bank OZK (OZK): now $0.26 per share quarterly dividend, was $0.25. BP Prudhoe Bay Royalty Trust (BPT): now $0.4242399 per share quarterly dividend, was $0.3348166. Caledonia Mining (CMCL): now $0.075 per share quarterly dividend, was $0.0688. High Income Securities Fund (PCF): now $0.082 per share monthly dividend, was $0.048. Life Storage (LSI): now $1.07 per share … Read more

Dividend Increases/Decreases for the Week Ending April 5

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Below we provide a list of firms that raised their dividends during the week ending April 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 ABB (ABB): now CHF 0.80 per share annual dividend, was CHF 0.78. Aon (AON): now $0.44 per share quarterly dividend, was $0.40. Artesian Resources (ARTNA): now $0.2459 per share quarterly dividend, was $0.2423. Bank OZK (OZK): now $0.23 per share quarterly dividend, was $0.22. Constellation Brands (STZ): now $0.75 per share quarterly dividend, was $0.74. Constellation Brands (STZ.B): now $0.68 per share quarterly dividend, was $0.67. … Read more

Fed Might Slow After All, Bank Reports Just Okay

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Image shown: The yield curve is flattening. Source: Federal Reserve Bank, St. Louis. The biggest question with Fed policy is whether the FOMC will purposefully cause an inversion in the yield curve. If it thinks the market is manipulating long rates to influence its policy, it may very well go forward with rate hikes. If it doesn’t, it may very well slow the pace of rate hikes or even pause them. The behavioral implications of a yield-curve inversion may be more significant than the inversion, itself, however. No Changes to Simulated Newsletter portfolios Brian Nelson, CFA On January 10, President and CEO of the Federal Reserve Bank of St. Louis, James Bullard offered a number of perspectives on 2019 monetary policy. … Read more

Dividend Increases/Decreases for the Week Ending January 4

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Below we provide a list of firms that raised their dividends during the week ending January 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 OZK (OZK): now $0.22 per share quarterly dividend, was $0.21. Brandywine Realty Trust (BDN): now $0.19 per share quarterly dividend, was $0.18. Bristol-Myers Squibb (BMY): now $0.41 per share quarterly dividend, was $0.40. Owens Corning (OC): now $0.22 per share quarterly dividend, was $0.21. Preferred Bank (PFBC): now $0.30 per share quarterly dividend, was $0.25. Templeton Emerging Markets Income Fund (TEI): now $0.0655 per share … Read more

Brace for More Volatility

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Image shown: The S&P 500 ETF (SPY) since August of last year. The markets have broken through key support levels, and now support has become resistance. Volatility remains heightened since the low-vol ETN blew up in February. This article is the introduction to both the Dividend Growth Newsletter and High Yield Dividend Newsletter, both of which will be released today due to the holiday January 1. By Brian Nelson, CFA Markets are facing big pressure on the trading session January 3. There’s more to the story than rising interest rates. There’s more to the story than the US-China trade war. There’s more to the story than concerns about the political environment. Price-agnostic (indexing and quant) trading, as I outline in … Read more

Dividend Increases/Decreases for the Week Ending October 5

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Below we provide a list of firms that raised their dividends during the week ending October 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 American Financial (AFG): now $0.40 per share quarterly dividend, was $0.35. Bank OZK (OZK): now $0.21 per share quarterly dividend, was $0.20. Calavo Growers (CVGW): now $1.00 per share annual dividend, was $0.95. Cementos Pacasmayo (CPAC): now S/ 0.377 per share per share annual dividend or S/ 1.885 per ADR dividend, was S/ 0.35. Conoco Philipps (COP): now $0.305 per share quarterly dividend, was $0.285. Delaware … Read more