31 January 2025 I Ewing, NJ The board of directors of Church & Dwight Co., Inc. (NYSE: CHD) has declared a regular quarterly dividend of $0.29 per common share, an increase of approximately 4% from the previous quarterly dividend of $0.28. Payment of the dividend is expected in March 2025. For calendar year 2025, this marks the sixth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All six changes were increases. The average dividend increase is 5.8% compared with December 2024 indicated levels. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past
There has been much discussion recently about growth. Artificial intelligence and other emerging technologies are fueling expectations for high returns, pushing stock values to record highs. While analysts forecast uninterrupted growth, we question whether some of these expectations are realistic. Markets appear to be pricing in very high growth assumptions, which may prove difficult to meet over time. The Three Pillars of Valuation Three key factors drive valuations: opportunity cost, risk, and growth. Opportunity cost reflects the need for returns that exceed what can be earned in risk-free assets, such as U.S. Treasury bonds. Riskier assets demand a premium to
23 January 2025 I Indianapolis, IN The board of directors of Elevance Health (NYSE: ELV) has declared a regular quarterly dividend of $1.71 per common share, an increase of approximately 5% from the previous quarterly dividend of $1.63. Payment of the dividend is expected in March 2025. For calendar year 2025, this marks the fifth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All five changes were increases. The average dividend increase is 6.2% 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, increased,
22 January 2025 I Lehigh Valley, PA The board of directors of Air Products (NYSE: APD) has declared a regular quarterly dividend of $1.79 per common share, an increase of approximately 1.1% from the previous quarterly dividend of $1.77. Payment of the dividend is expected in May 2025. For calendar year 2025, this marks the fourth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All four 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,
The U.S. economy in 2024 showed remarkable resilience against inflation, rising interest rates, and global uncertainties. GDP expanded, consumer confidence stayed strong, and household wealth hit $155 trillion. This reflects America’s economic strength, driven by innovation and industrial capacity, though vulnerabilities remain. Fiscal shifts in 2025 offer potential gains but will test the economy’s ability to sustain momentum. The S&P 500’s rise highlights earnings growth and multiple expansion but reveals risks tied to the dominance of the “Magnificent 7.” Concentration risks persist, even as diversification provides balance. With returns likely to moderate, strategic positioning will be critical to navigating the
17 December 2024 I Houston, TX The board of directors of Waste Management (NYSE: WM) has declared a regular quarterly dividend of $0.825 per common share, an increase of approximately 10% from the previous quarterly dividend of $0.75. Payment of the dividend is expected in March 2025. For calendar year 2025, this marks the third dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All three changes were increases. The average dividend increase is 8.4% 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, increased,
19 November 2024 I Rahway, NJ The board of directors of Merck (NYSE: MRK) has declared a regular quarterly dividend of $0.81 per common share, an increase of approximately 5.2% from the previous quarterly dividend of $0.77. Payment will be made on Jan. 8, 2025, to shareholders of record at the close of business on Dec. 16, 2024. For calendar year 2025, this marks the second dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. Both changes were increases. The average dividend increase is 7.6% compared with December 31, 2023 indicated levels. Please contact your financial advisor for a complete list of
6 November 2024 I Roseland, NJ The board of directors of ADP (NASDAQ: ADP) has declared a regular quarterly dividend of $1.54 per common share, an increase of approximately 10% from the previous quarterly dividend of $1.40. The new quarterly dividend rate of $1.54 per share will be distributed on January 1, 2025 to shareholders of record on December 13, 2024. For calendar year 2025, this marks the first dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. Please contact your financial advisor for a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had
5 November 2024 I St. Louis, MO The board of directors of Emerson (NYSE: EMR) has declared a regular quarterly dividend of $0.5275 per common share, an increase of approximately 0.5% from the previous quarterly dividend of $0.525. For calendar year 2024, this marks the twenty-ninth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-nine changes were increases. The average dividend increase is 8.06% compared with December 31, 2023 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
U.S. stock market valuations have reached a historic $60 trillion, with GDP and household net worth doubling since 2009. Employment has grown by 30 million jobs, and S&P 500 profit margins have expanded significantly. However, declining earnings yields suggest stretched valuations, indicating potential risks ahead. Despite differing methods, as the election approaches, both major candidates share goals for developing the labor force, improving housing, and regaining energy leadership. Given these conditions, diversification is prudent; bonds, gold, and emerging markets offer viable alternatives as the Federal Reserve’s (Fed) policies weaken the dollar. Tactical adjustments are needed to balance growth opportunities and
3 October 2024 I Bethesda, MD The board of directors of Lockheed Martin (NYSE: LMT) has declared a regular quarterly dividend of $3.30 per common share, an increase of approximately 4.7% from the previous quarterly dividend of $3.15. For calendar year 2024, this marks the twenty-eighth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-eight changes were increases. The average dividend increase is 8.34% compared with December 31, 2023 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
26 September 2024 I New York, NY The board of directors of Accenture (NYSE: ACN) has declared a regular quarterly dividend of $1.48 per common share, an increase of approximately 15% from the previous quarterly dividend of $1.29. For calendar year 2024, this marks the twenty-seventh dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-seven changes were increases. The average dividend increase is 8.48% compared with December 31, 2023 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