Posts by: battipagliaj
7 February 2023 I St. Paul, MN The board of directors of 3M (NYSE: MMM) has declared a regular quarterly dividend of $1.50 per common share, an increase of approximately 0.7% from the previous quarterly dividend of $1.49. For calendar year 2023, this marks the sixth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All six changes were increases. The average dividend increase is 4.2% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the
3 February 2023 I Ewing, NJ The board of directors of Church and Dwight Co., Inc. (NYSE: CHD) has declared a regular quarterly dividend of $0.2725 per common share, an increase of approximately 4% from the previous quarterly dividend of $0.2625. For calendar year 2023, this marks the fifth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All five changes were increases. The average dividend increase is 4.9% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial
With 2022 in the rearview mirror, we have hit the ground running, eager to shake off the previous year’s dour market mood. Despite the prospects of recession, persistent (albeit declining) inflation, and restrictive central bank policies, we see pockets of momentum and optimism in 2023, particularly in foreign developed markets. For the past decade, U.S. equities dominated and were the most sought after markets for risk assets. However, this situation is changing. Rising Returns One month into the New Year, we are seeing strong gains across the board in foreign markets. The following table provides local currency and USD returns
High-quality stocks beat low-quality stocks in every problematic market for the past twenty years, but not in 2022 (table below). In each bearish phase, high quality held up better than low. However, this was not the case this year. Year-to-date, the WCA High-Quality index is down 15%, while the WCA Low-Quality index is down just 5%. While this trend is changing with recent performance once again favoring high quality (more on this below), this year’s performance of high-and-low quality needs some examination. High vs. Low-Quality Performance in Bad Markets Before doing so, we remind readers that quality is important but
9 December 2022 I New York, NY The board of directors of Pfizer Inc. (NYSE: PFE) has declared a regular quarterly dividend of $0.41 per common share, an increase of approximately 3% from the previous quarterly dividend of $0.40. For calendar year 2023, this marks the fourth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All four changes were increases. The average dividend increase is 5.12% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From
8 December 2022 I St. Paul, MN The board of directors of Ecolab Inc. (NYSE: ECL) has declared a regular quarterly dividend of $0.53 per common share, an increase of approximately 4% from the previous quarterly dividend of $0.51. For calendar year 2023, this marks the third dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All three changes were increases. The average dividend increase is 5.83% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From
8 December 2022 I Houston, TX The board of directors of Waste Management, Inc. (NYSE: WM) has declared a regular quarterly dividend of $0.70 per common share, an increase of approximately 7.7% from the previous quarterly dividend of $0.65. For calendar year 2023, this marks the second dividend change for the Washington Crossing Advisors Rising Dividend portfolio. Both changes were increases. The average dividend increase is 6.75% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the
The board of directors of Merck (NYSE: MRK) has declared a regular quarterly dividend of $0.73 per common share, an increase of approximately 5.8% from the previous quarterly dividend of $0.69. For calendar year 2023, this marks the first dividend change for the Washington Crossing Advisors Rising Dividend portfolio. The average dividend increase was 5.8% compared with December 31, 2022 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the press release: “Merck (NYSE: MRK), known as MSD outside of the United
Earnings drive stock prices over time. This simple truth is evident in the past century’s market performance. Over the past 100 years, both the S&P Composite index and S&P Composite index earnings gained about 6-7% per year. The profits, along with the market’s appraisal of the value of those earnings, rose and fell year-to-year. Sometimes, those swings in earnings and valuations were large, creating excitement and anxiety. What drove the earnings growth? Fortunately, we see an excellent and rational cause for the growth in earnings. As the chart below shows, we can trace growth in stock prices to economic growth
The board of directors of Visa Inc. (NYSE: V) has declared a regular quarterly dividend of $0.45 per common share, an increase of approximately 20% from the previous quarterly dividend of $0.375. Year to date, this marks the twenty-seventh dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-seven changes were increases. The average dividend increase was 8.25% compared with December 31, 2021 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the press release: “The board of directors also
Central Bank all in to fight inflation Markets signal inflation to fade Rates to push higher still Policymaker credibility key to fight Valuations more attractive. We remain cautious based on incoming data and enter the final quarter underweight risk assets.However, policy priorities seem to be having some positive effect on expected inflation, despiteupsetting financial markets. This is a difficult and complex environment, and we continue to followour tactical discipline in navigating a very unusual year. While we are not out of the woods yet,valuations are becoming better as are longer-run expectations for returns.
September 30, 2022 I Bethesda, MD The board of directors of Lockheed Martin Corp. (NYSE: LMT) has declared a regular quarterly dividend of $3.00 per common share, an increase of approximately 7.1% from the previous quarterly dividend of $2.80. Year to date, this marks the twenty-sixth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-six changes were increases. The average dividend increase was 7.8% compared with December 31, 2021 indicated levels. For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor. From the
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