Posts by: battipagliaj
9 July 2025 I New York, NY The board of directors of Marsh McLennan (NYSE: MMC) has declared a regular quarterly dividend of $0.90 per common share, an increase of approximately 10% from the previous quarterly dividend of $0.815. Payment of the dividend is expected in August 2025. For calendar year 2025, this marks the nineteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All nineteen changes were increases. The average dividend increase is 6.6% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12…
Markets have proven more resilient than expected in the first half of 2025, rebounding quickly from tariff-driven volatility. While headline earnings remain strong, pressures are building beneath the surface — particularly in inflation, valuations, and global growth dynamics. Foreign developed markets have outpaced the U.S., supported by a weaker dollar and improving international conditions. Meanwhile, we are raising our long-run U.S. productivity forecast to 2.5% from 1.75%, reflecting growing confidence in the transformative impact of AI. Like the internet boom of 1995–2005, we expect AI to drive meaningful productivity gains, boosting long-term equity return potential.
4 June 2025 I Minnetonka, MN The board of directors of UnitedHealth Group (NYSE: UNH) has declared a regular quarterly dividend of $2.21 per common share, an increase of approximately 5.2% from the previous quarterly dividend of $2.10. Payment of the dividend is expected in June 2025. For calendar year 2025, this marks the eighteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All eighteen changes were increases. The average dividend increase is 6.5% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months,…
21 May 2025 I Galway, Ireland The board of directors of Medtronic plc (NYSE: MDT) has declared a regular quarterly dividend of $0.71 per common share, an increase of approximately 1.4% from the previous quarterly dividend of $0.70. Payment of the dividend is expected in July 2025. For calendar year 2025, this marks the seventeenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All seventeen changes were increases. The average dividend increase is 6.6% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months,…
Let’s begin with some simple math. If you invest $100,000 and lose 10% in the first year, you’re down to $90,000. If you then gain 10% in year two, you don’t break even. You end up with $99,000. That’s a net loss of $1,000—despite an average return of zero percent. How is this possible? It’s because averages lie. What matters in the real world is not average return but compound return. The number that shows up on your statement at the end. Now consider a more extreme case. You lose 50% in year one, then gain 50% in year two….
30 April 2025 I Chicago, IL The board of directors of W.W. Grainger, Inc. (NYSE: GWW) has declared a regular quarterly dividend of $2.26 per common share, an increase of approximately 10% from the previous quarterly dividend of $2.05. Payment of the dividend is expected in June 2025. For calendar year 2025, this marks the sixteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All sixteen changes were increases. The average dividend increase is 7.0% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12…
Over the years, the investing thesis of Washington Crossing Advisors has endured; namely, buying quality companies at reasonable valuations. Through market peaks and troughs, unpredictable inflation and interest rate swings, and periods of volatile growth, WCA remains committed to owning predictable businesses with low debt and profitable assets. In doing so, we construct our equity portfolios with a keen focus on volatility, aiming to achieve a strong risk-adjusted return over time. The following commentaries dive deeper into our quality thematic while addressing commonly misunderstood investing conceptsthat could present hidden dangers in portfolios.
15 April 2025 I New Brunswick, NJ The board of directors of Johnson & Johnson (NYSE: JNJ) has declared a regular quarterly dividend of $1.30 per common share, an increase of approximately 4.8% from the previous quarterly dividend of $1.24. Payment of the dividend is expected in June 2025. For calendar year 2025, this marks the fifteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All fifteen changes were increases. The average dividend increase is 6.8% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12…
President Trump’s April 2 tariff announcement marks a pivotal moment in global economic policy, reflecting a broader shift from globalization toward protectionism and nationalism. While globalization delivered real benefits—lower inflation, expanded trade, and economic growth—its effects have become more contested. Events such as 9/11, the financial crisis, and the COVID-19 pandemic exposed vulnerabilities, contributing to rising skepticism about global integration. A growing number of voters and policymakers, across party lines, now question whether globalization serves their long-term interests. The result is a changing policy landscape marked by tariff actions, tax debates, and strategic repositioning. In this uncertain environment, we believe…
8 April 2025 I Cincinnati, OH The board of directors of Procter & Gamble (NYSE: PG) has declared a regular quarterly dividend of $1.06 per common share, an increase of approximately 5% from the previous quarterly dividend of $1.005. Payment of the dividend is expected in May 2025. For calendar year 2025, this marks the fourteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All fourteen changes were increases. The average dividend increase is 6.95% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months,…
President Trump’s April 2nd announcement of a new “reciprocal” tariff policy comes on the heels of a volatile quarter—bonds outpaced stocks, growth stocks lost their edge, and haven assets gained favor. These new tariffs mark a pivotal shift in the trade, growth, and inflation outlook for the United States and the global economy. A growing consensus now assumes slower trade, economic growth, and a temporary rise in inflation pressures. From Globalization to Nationalism This shift should not be surprising. The once-dominant rallying cry for “globalization and free trade” is being replaced by calls for “protection and nationalism.” A widening gap…
20 March 2025 I New York, NY The board of directors of Colgate-Palmolive Company (NYSE: CL) has declared a regular quarterly dividend of $0.52 per common share, an increase of approximately 4% from the previous quarterly dividend of $0.50. Payment of the dividend is expected in May 2025. For calendar year 2025, this marks the thirteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All thirteen changes were increases. The average dividend increase is 7.1% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months,…
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