4 June 2024 I Minnetonka, MN The board of directors of UnitedHealth Group (NYSE: UNH) has declared a regular quarterly dividend of $2.10 per common share, an increase of approximately 11.7% from the previous quarterly dividend of $1.88. For calendar year 2024, this marks the eighteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All eighteen changes were increases. The average dividend increase is 6.69% 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
SimilaritiesIn both 1999 and today, the stock market exhibits strong momentum and a herd mentality, particularly among the largest, most valuable companies. This is evidenced by the significant valuation differential between the market capitalization-weighted S&P 500 index and its equally-weighted counterpart. Currently, this differential is as pronounced as it was in 1999, just before a significant technology stock correction. As we delve deeper, it’s crucial to remember that while trees do not grow to the sky, the same holds true for stock valuations. Valuations Adjusted for CyclicalityValuing stocks using long-run averages of earnings, such as those used in the graph
23 May 2024 I Minneapolis, MN The board of directors of Medtronic plc (NYSE: MDT) has declared a regular quarterly dividend of $0.70 per common share, an increase of approximately 1.5% from the previous quarterly dividend of $0.69. For calendar year 2024, this marks the seventeenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All seventeen changes were increases. The average dividend increase is 6.39% 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
From last October’s lows, the total value of stocks in the United States is up another $10 trillion. Sitting near $55 trillion, the U.S. stock market is now within a stone’s throw of record high valuations. At the same time, profits and profit margins for the largest public companies in the S&P 500 index are also at levels not seen before. There are few signs of stress in financial markets, despite much handwringing over the Federal Reserve’s (Fed) next move. If there were real concerns that high interest rates were about to sink the economy, it is highly unlikely that
30 April 2024 I Purchase, NY The board of directors of PepsiCo, Inc. (NASDAQ: PEP) has declared a regular quarterly dividend of $1.35 per common share, an increase of approximately 7% from the previous quarterly dividend of $1.26. For calendar year 2024, this marks the sixteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All sixteen changes were increases. The average dividend increase is 6.7% 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
While the market may appear calm, it’s important to recognize the potential risks that could disrupt this tranquility. The combination of inflated valuations and a surge in liquidity is a potential catalyst for inflation and reckless investing. It’s crucial to maintain a state of vigilance as the situation could rapidly deteriorate, a lesson history has taught us. Fire, Meet Fuel By the end of 2022, America’s fortunes had ballooned. At $136 trillion, household net worth was twice what it was a decade earlier. The unemployment rate was at 3.6%, a 53-year low. And economists at the Bureau of Economic Analysis
24 April 2024 I Chicago, Il The board of directors of W.W. Grainger (NYSE: GWW) has declared a regular quarterly dividend of $2.05 per common share, an increase of approximately 10% from the previous quarterly dividend of $1.86. For calendar year 2024, this marks the fifteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All fifteen changes were increases. The average dividend increase is 6.7% 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
16 April 2024 I New Brunswick, NJ The board of directors of Johnson & Johnson (NYSE: JNJ) has declared a regular quarterly dividend of $1.24 per common share, an increase of approximately 4.2% from the previous quarterly dividend of $1.19. For calendar year 2024, this marks the fourteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All fourteen changes were increases. The average dividend increase is 6.5% 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
9 April 2024 I Cincinnati, OH The board of directors of The Procter & Gamble Company (NYSE:PG) has declared a regular quarterly dividend of $1.00 per common share, an increase of approximately 7.0% from the previous quarterly dividend of $0.94. For calendar year 2024, this marks the thirteenth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All thirteen changes were increases. The average dividend increase is 6.7% 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
14 March 2024 I New York, NY The board of directors of Colgate-Palmolive Company (NYSE: CL) has declared a regular quarterly dividend of $0.50 per common share, an increase of approximately 4.2% from the previous quarterly dividend of $0.48. For calendar year 2024, this marks the twelfth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All twelve changes were increases. The average dividend increase is 6.7% 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.
Imagine you have two options for investing your savings: keeping it in a piggy bank at home or investing in a local business. If the business can use your money to earn more than what it would cost you to lend it out (think of this as the interest you’d want if you just kept your money), it’s a sign that investing in the business might be worth considering. The key is the business must not just earn a profit but a sufficient profit to compensate for the cost of the capital invested in the business, both debt (borrowed money)
15 February 2024 I Atlanta, GA The board of directors of Genuine Parts Company (NYSE: GPC) has declared a regular quarterly dividend of $1.00 per common share, an increase of approximately 5% from the previous quarterly dividend of $0.95. For calendar year 2024, this marks the eighth dividend increase for the Washington Crossing Advisors Rising Dividend portfolio. All eight changes were increases. The average dividend increase is 6.26% 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.