Posts by: battipagliaj
Steady dividend growth often follows consistent profitability and shareholder-focused management. A dividend growth perspective looks beyond today’s yield and considers other factors, such as durability, flexibility, and consistency. A track record of dividend increases can be viewed as a tangible signal by a company’s management that they are both willing and able to boost a payment to shareholders. This commitment suggests quality fundamentals today and an expectation of continued improvement.
Although the economy is faring better than expected this year, we see a mixed bag of signals. Forexample, while popular market-capitalization weighted stock indices are up for the year, the average stock is essentially flat. Moreover, the outlook for corporate profits and capital spending are flattening out, suggesting muted growth in the private sector ahead. Similarly, monetary and fiscal policies have diverged. Monetary policy is restrictive (higher interest rates), while fiscal policy is expansive (rising deficits). Cross currents such as these lead to a neutral read of incoming data, suggesting we keep portfolio risk exposure very close to benchmarks.
6 October 2023 I Bethesda, MD The board of directors of The Lockheed Martin Corporation (NYSE: LMT) has declared a regular quarterly dividend of $3.15 per common share, an increase of approximately 5% from the previous quarterly dividend of $3.00. For calendar year 2023, this marks the twenty second dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty two changes were increases. The average dividend increase is 6.04% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no
21 September 2023 I Dallas, TX The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) has declared a regular quarterly dividend of $1.30 per common share, an increase of approximately 5% from the previous quarterly dividend of $1.24. For calendar year 2023, this marks the twenty first dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty one changes were increases. The average dividend increase is 6.09% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in
21 September 2023 I Seattle, WA The board of directors of Starbucks Corporation (Nasdaq: SBUX) has declared a regular quarterly dividend of $0.57 per common share, an increase of approximately 7.5% from the previous quarterly dividend of $0.53. For calendar year 2023, this marks the twentieth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty changes were increases. The average dividend increase is 6.14% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend. From the
19 September 2023 I Redmond, WA The board of directors of Microsoft Corp (Nasdaq: MSFT) has declared a regular quarterly dividend of $0.75 per common share, an increase of approximately 10% from the previous quarterly dividend of $0.68. For calendar year 2023, this marks the nineteenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All nineteen changes were increases. The average dividend increase is 6.07% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend. From the
Page through any investment brochure, factsheet, or presentation, and you’ll eventually get to the disclosure language claiming “All investing involves risk.” For fixed income investors, credit spreads over risk-free U.S. treasuries provide a sense of the interest rate, reinvestment, and credit risk they assume when buying corporate bonds. Along the same lines, stock investors must consider inherent risks in the equity markets when facing investing decisions. The Equity Risk Premium (ERP) indicates the price of risk in equities and is a key metric in determining the appeal of owning stocks versus bonds or other assets at any given time. What
Many managers use textbook financial ratios such as return on equity, debt to equity, and earnings per share variability to evaluate the quality and value of a company. However, these metrics can be easily manipulated by a company’s management and misused by index providers and rating agencies. For example, the return on equity ratio can be increased overnight by issuing debt and using it to buy back stock rather than investing in the business to promote growth. This can create an illusion of higher profitability without actually improving the company’s business operations. Distortions Caused by Share Buybacks To better understand
Consistency is a big part of quality. Our search for consistency leads us to companies that generate dependable growth. And the most consistent growth engine of the world’s economy — decade after decade — has been the consumer. Household consumption sits at the center of our economy, accounting for over 70% of all activity in the United States. When threatened, government intervention has been there to help shore up consumption, come what may, and from administration to administration. The reason for such policies are simple: employers all across the economy ultimately hire, invest, and produce to serve consumers. If consumption
4 August 2023 I Glenview, IL The board of directors of Illinois Tool Works (NYSE: ITW) has declared a regular quarterly dividend of $1.40 per common share, an increase of approximately 7% from the previous quarterly dividend of $1.31. For calendar year 2023, this marks the eighteenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All eighteen changes were increases. The average dividend increase is 5.86% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend. From
The only sure thing in investing is the uncertain. When we began the year, bearishness was rampant. Most Wall Street forecasters were expecting a recession, and the International Monetary Fund (IMF) warned the “worst is yet to come.” Thus far, the dismal outlook of these forecasters has yet to materialize. The lesson is that accurate and precise forecasts are rare. So how do we deal with uncertainty? We plan for the unexpected by continually focusing on quality. Fixing the roof when the sun is shining is far easier than when it rains! The S&P 500 is up 18% year-to-date, with
27 July 2023 I Oakland, CA The board of directors of The Clorox Company (NYSE: CLX) has declared a regular quarterly dividend of $1.20 per common share, an increase of approximately 1.7% from the previous quarterly dividend of $1.18. For calendar year 2023, this marks the seventeenth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All seventeen changes were increases. The average dividend increase is 5.79% compared with December 31, 2022 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend. From
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