WCN

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 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

7 Hidden Dividend Aristocrats in Industrials

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Image notes: The price-to-fair value ratio shows the relationship between the company’s stock price and our discounted cash-flow derived fair value estimate. Price is what you pay for the stock, while value is what you get. Price and fair value seldom equal. The savvy investor seeks to find stocks whose price is far below an informed forward-looking cash-flow-based fair value estimate of their intrinsic value. The Dividend Cushion ratio is a proprietary Valuentum measure that drives our assessment of the company’s Dividend Safety rating. The forward-looking measure assesses dividend coverage via the cash characteristics of the business. The Dividend Cushion is a ratio that sums the existing net cash (total cash less total long-term debt) a company has on hand … Read more

How to Think About Corporate Tax Reform

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Dividend Increases/Decreases for the Week of October 27

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Below we provide a list of firms that raised 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                          AbbVie (ABBV): now $1.55 per share quarterly dividend, was $1.48. Adecoagro (AGRO): now $0.1649 per share semi-annual dividend, was $0.1626. American Electric Power (AEP): now $0.88 per share quarterly dividend, was $0.83. Amphenol (APH): now $0.22 per share quarterly dividend, was $0.21. Associated Banc-Corp (ASB): now $0.22 per share quarterly dividend, was $0.21. Atlantic Union Bank (AUB): now $0.32 per share quarterly dividend, was … Read more

Cisco Rallies Big Time!

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Image shown: Performance of the S&P 500 (SPY) since August 2017. As US equities continue their newly-found volatility, let’s take a look at some recent earnings reports and other developments around the markets. Cisco, the workhorse of both simulated newsletter portfolios, put up a fantastic report and upped its dividend. Berkshire continues to love Apple, and we maintain the view that the 10-year Treasury rate may be the greatest determinant of how well stocks perform in the coming decades. Airlines, garbage stocks, the “gas tax,” and more. By Kris Rosemann and Brian Nelson, CFA Do you know how happy it makes us to say that Cisco (CSCO) has been a staple of both the simulated Best Ideas Newsletter portfolio and … Read more

Dividend Increases/Decreases for the Week of October 25

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Below we provide a list of firms that raised their dividends during the week ending October 25. 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                          AllianceBernstein (AB): now $0.77 per share quarterly dividend, was $0.71. American Electric Power (AEP): now $0.93 per share quarterly dividend, was $0.88. AMERISAFE (AMSF): now $3.00 per share special dividend, was $0.37. Archrock (AROC): now $0.175 per share quarterly dividend, was $0.165. Armstrong World (AWI): now $0.308 per share quarterly dividend, was $0.280. Atlantic Union Bank (AUB): now $0.34 per share quarterly dividend, was … 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 October 29

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Below we provide a list of firms that raised their dividends during the week ending October 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 A10 Networks (ATEN): now $0.05 per share quarterly dividend. AbbVie (ABBV): now $1.41 per share quarterly dividend, was $1.30. Alliance Resource Partners (ARLP): now $0.20 per share quarterly dividend, was $0.10. Amphenol (APH): now $0.20 per share quarterly dividend, was $0.14. Arbor Realty Trust (ABR): now $0.36 per share quarterly dividend, was $0.35. Armada Hoffler Properties (AHH): now $0.17 per share quarterly dividend, was $0.16. B. … 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